Pier Silvio Berlusconi Raises MediaForEurope Offer for Germany’s Prosieben in Preamble to Likely Takeover

MediaForEurope, the TV group controlled by Italy’s Berlusconi family, has raised its takeover offer for German broadcaster ProSiebensat.1, valuing the German media company at roughly $2.4 billion. Following a lowball offer in March – the terms of which were about to expire – MFE’s voluntary public takeover offer has now risen to €4.48 ($5.22) per share […]