PPF Group failed to acquire a 15% stake in ProSiebenSat.1 for €244.5m.

PPF Group, a financial and investment group, failed to acquire a 15% stake in ProSiebenSat.1, a German mass media and digital company, for €244.5m. PPF said it would tender its 15.68% holding into MFE's offer and unwind its remaining financial instruments, ending its investment in ProSiebenSat.1.