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

PPF Group, a financial and investment group, offered to acquire a 15% stake in ProSiebenSat.1, a German mass media and digital company, for €244.5m. "We put forward a compelling all-cash offer and intend to take a much more active role in the Supervisory Board going forward. We hope that this is appealing to shareholders and stakeholders alike and paves the way for unlocking the potential of ProSiebenSat.1," Jiri Smejc, PPF Group CEO.