Austrian regulator seeks review

Austrian authority seeks review of MFE stake in ProSiebenSat.1

  • BERLIN : Austrian regulator BWB has asked that the cartel court review an increase in MediaForEurope’s stake in ProSiebenSat.1, which the agency said on Wednesday would amount to de-facto control over the German broadcaster.
  • Italy’s MFE, which began investing in ProSieben in 2019 and now holds a 29 per cent stake in its German peer, is looking to build a pan-European TV platform.
  • MFE said on Nov. 21 that a takeover offer was not planned.
  • BWB said it was assessing the effect of an increased stake by MFE in ProSiebenSt.1 on media variety in Austria, and had asked the cartel court to weigh in.
  • (Writing by Linda Pasquini, Editing by Rachel More)

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