Czech PPF Group, parent company of Central European Media Enterprises (CME), has acquired a 9.10% stake in German media company ProSiebenSat.1.
MFE rules out merger with ProSiebenSat.1 for now
Berlusconi’s MFE-MediaForEurope is ruling out a takeover bid as well as a full merger with ProSiebenSat.1 at present, but is confident that closer cooperation is possible.
MFE-MediaForEurope applies for full control over ProSiebenSat.1
Berlusconi’s MFE-MediaForEurope N.V. has filed a notification for the “acquisition of de facto sole control over ProSiebenSat.1 Media SE, Unterföhring, Germany.”