Berlusconi Family’s MediaForEurope Takes 75.61% Stake in German Broadcaster ProSiebenSat.1

MediaForEurope, the TV group controlled by Italy’s Berlusconi family, has raised its stake in German broadcaster ProSiebenSat.1 to 75.61%, and will become the majority shareholder. MFE’s move values ProSiebenSat.1 at about 1.8 billion euros ($2.1 billion). Czech group PPF, the second largest shareholder in ProSiebenSat.1, has decided to tender its shares, representing 15.68% of ProSiebenSat.1’s […]