MFE-MediaForEurope NV, the media group controlled by Italy’s Berlusconi family, raised its offer for ProSiebenSat.1 Media SE in a deal that would value the German entertainment company at about €1.9 billion ($2.2 billion) and help it create a pan-European broadcaster.
MFE hiked its offer for each ProSieben share to €4.48 in cash plus 1.3 MFE shares, the company said in a statement on Monday. That raises the stock portion of the deal from 0.4 MFE shares previously. Based on closing share prices on Friday, the offer values ProSieben at about €8.15 per share, a premium of 16%.
Italy’s biggest ...
