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

IOB - IOB Delayed price. Currency in EUR
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4.3600-0.1020 (-2.29%)
At close: 04:28PM BST
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  • Reuters

    MFE drive for ProSieben spin-off falls just short in investor vote

    MUNICH (Reuters) -A push by investor MFE-MediaForEurope for German media group ProSiebenSat.1 to spin off its e-commerce and online dating ventures narrowly failed to get the required shareholder backing on Tuesday. Some 70.95% of shareholders backed MFE's proposal, falling just short of the 75% threshold required for the motion to pass. MFE, the commercial broadcaster controlled by Italy's Berlusconi family, holds nearly 30% of ProSieben, and wants to build an advertising-funded European broadcast champion to counter the might of U.S. streaming giants.

  • 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.