PPF Group withdraws from the race to acquire ProSiebenSat.1
The withdrawal leaves the route clear for Italy's MediaForEurope in the lengthy takeover saga
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The withdrawal leaves the route clear for Italy's MediaForEurope in the lengthy takeover saga
The announcement marks the latest stage in a long-running takeover battle between the Czech investment group and Italy's MediaForEurope
The company's executive board and supervisory board concluded that "the offer price does not adequately reflect the earnings potential and long-term value of ProSiebenSat.1"
According to reports, Czech investment group PPF Group would consider partnering with MFE on a bid for the German broadcaster
The company said the restructuring it needs to become "even faster, more efficient, and more digital" to adapt to changes in the industry
Reports say ProSiebenSat is lining up the investment bank to repel the Berlusconi-owned company as it seeks to retain independence
“We believe that ProSiebenSat.1 needs a strong shareholder that can provide expertise and experience in the industry, making an active contribution to its growth...
The Italian company has reportedly called a board meeting for today to evaluate its options
According to reports, MFE has submitted a non-binding bid to acquire news channels TVN24 and TVN24BiS
The Berlusconi-owned group has reportedly arranged a €3.4 billion credit facility to fund its aim to "resist the US giants"
Comments made by MediaForEurope have fuelled speculation around a possible takeover bid
Numerous companies are circling the broadcaster ahead of privatisation
Long-running row between the two companies is finally set to end
Italian broadcaster is pressing ahead with its plans to move its headquarters to the Netherlands
Company announced in June 2019 it wanted to set up new pan-European media company, MediaForEurope
Two companies are said to be working on a deal to enable Mediaset to revive its plans for MediaForEurope
Amsterdam Appeals Court said the proposed merger could not proceed for several reasons
Vivendi has reportedly written to Mediaset's board members
Reports suggest the two companies are finally ready to gold talks over MediaForEurope
Mediaset said it plans to continue with its cross-border growth plan through unspecified "new ways"
Mediaset wants to merge its Italian and Spanish units into one company based in the Netherlands
Annual meeting due to take place today
Hearing was due to take place on 30th April
Increases share from 15.1 to just under 20 per cent
Part of ongoing legal battle over MediaForEurope
TVBEurope charts the ongoing dispute over the creation of MediaForEurope
Vivendi warned the merger would "harm the interests of minority shareholders"
Argues that Mediaset's merger plan "harms the interests of minority shareholders"
Amsterdam court's decision scheduled for 10th February
Decision comes a day before a Mediaset shareholder meeting
Ruling expected after 10th January
Mediaset seeks to persuade ProSieben to join MediaForEurope
Companies are due back in court today
Milan court was due to rule on the case this week
MediaForEurope will operate in Italy, Spain and Germany