MFE – MediaForEurope completed the acquisition of a majority stake in ProSiebenSat.1 Media at a c. €1.3bn valuation.

MFE – MediaForEurope, a Dutch-domiciled Italian-based media and communications company, completed the acquisition of a 75.61% majority stake in ProSiebenSat.1 Media, a German mass media and digital company, at a c. €1.3bn valuation. Approximately 78% of the offer price is expected to be paid in cash and approximately 22% of the offer price is expected to be paid in newly-issued MFE A shares. "MFE becoming our majority shareholder marks an important milestone for ProSiebenSat.1. Together, we cover five core European markets, with ProSiebenSat.1 being a leader in Germany, Austria and Switzerland, and MFE in Italy and Spain, reaching a combined population of about 210 million people. In the coming weeks, we will work closely with MFE to identify the most promising opportunities for a deepened collaboration and align our vision for the future. I would also like to sincerely thank PPF for their commitment and valuable strategic contributions as a major shareholder over the past three years, which have helped to accelerate ProSiebenSat.1’s transformation." Bert Habets, Group CEO of ProSiebenSat.1 Media SE.