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MFE-Mediaforeurope N.V. (0NE1.IL)

IOB - IOB Delayed price. Currency in EUR
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3.8180+0.1000 (+2.69%)
As of 12:09PM BST. Market open.
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  • Reuters

    ProSieben boards reject bid by MFE to split German broadcaster

    BERLIN (Reuters) -German broadcaster ProSiebensat.1 on Wednesday pushed back against a plan by MFE-MediaForEurope to split up the company and called on shareholders to vote down its top investor's proposals at an annual meeting next month. MFE, controlled by the family of the late former Italian Prime Minister Silvio Berlusconi, wants to spin off ProSieben's e-commerce and dating assets from the company's core TV operations. The plan could help MFE mount a potential buyout for ProSieben's TV business, which MFE sees as crucial for its ambitions to build a pan-European broadcaster.

  • Reuters

    Top investor MFE seeks ProSieben asset split in M&A push

    MILAN (Reuters) -MFE-MediaForEurope, the top investor in German broadcaster ProSiebensat.1, on Thursday asked for shareholders to be given a vote next month on a plan to spin off its e-commerce and dating assets. The proposal could help MFE mount a potential buyout approach for ProSieben's TV business, which MFE sees as crucial for its ambitions to build a pan-European broadcaster. Controlled by the family of the late former Italian Prime Minister Silvio Berlusconi, MFE already operates commercial TV businesses in Italy and Spain.

  • Reuters

    Top ProSieben investor MFE aims to drive growth at German peer

    As the main investor in ProSiebenSat.1, commercial broadcaster MFE-MediaForEurope is keen to help spur growth at the German business, the head of MFE was quoted as saying on Monday. MFE CEO Pier Silvio Berlusconi reinforced his call for ProSieben to focus on its core TV operations and move away from online dating and e-commerce activities. MFE, which is controlled by the family of the late Italian Prime Minister Silvio Berlusconi, operates commercial TV businesses in Italy and in Spain, where the CEO said ad sales would grow 5% annually in the first quarter.