# EDGAR Filing Document

**Accession Number:** 0001137849
**File Stem:** 0001104659-25-087813
**Filing Date:** 2025-9
**Character Count:** 34006
**Document Hash:** 723314b3860ce339fadb5a2f171cb6c9
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001104659-25-087813.hdr.sgml**: 20250905

**ACCESSION NUMBER**: 0001104659-25-087813

**CONFORMED SUBMISSION TYPE**: CB/A

**PUBLIC DOCUMENT COUNT**: 5

**FILED AS OF DATE**: 20250905

**DATE AS OF CHANGE**: 20250905

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PROSIEBENSAT.1 MEDIA SE/ADR
- **CENTRAL INDEX KEY:** 0001137849
- **STANDARD INDUSTRIAL CLASSIFICATION:** UNKNOWN SIC - 8880 [8880]
- **ORGANIZATION NAME:** International Corp Fin
- **EIN:** 000000000

**FILING VALUES:**
- **FORM TYPE:** CB/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-94939
- **FILM NUMBER:** 251296941

**BUSINESS ADDRESS:**
- **STREET 1:** 120 BROADWAY
- **STREET 2:** 32ND FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10271
- **BUSINESS PHONE:** 212-238-3128

**MAIL ADDRESS:**
- **STREET 1:** 120 BROADWAY
- **STREET 2:** 32ND FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10271

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PROSIEBENSAT 1 MEDIA AG /ADR/
- **DATE OF NAME CHANGE:** 20010406
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** MFE-MEDIAFOREUROPE N.V.
- **CENTRAL INDEX KEY:** 0002063541

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** CB/A

**BUSINESS ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** VIALE EUROPA 46
- **CITY:** COLOGNO MONZESE
- **PROVINCE COUNTRY:** L6
- **ZIP:** 20093
- **BUSINESS PHONE:** 0225149588

**MAIL ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** VIALE EUROPA 46
- **CITY:** COLOGNO MONZESE
- **PROVINCE COUNTRY:** L6
- **ZIP:** 20093

**UNITED STATES** 

**SECURITIES AND EXCHANGE COMMISSION** 

**WASHINGTON, D.C. 20549**

**FORM CB/A** 

**AMENDMENT NO. 25**

**TENDER OFFER/RIGHTS OFFERING NOTIFICATION FORM**

Please place an X in the box(es) to designate the appropriate rule provision(s) relied upon to file this Form:

---

| | |
|:---|:---|
| Securities Act Rule 801 (Rights Offering) | ◻ |
| Securities Act Rule 802 (Exchange Offer) | ⌧ |
| Exchange Act Rule 13e-4(h)(8) (Issuer Tender Offer) | ◻ |
| Exchange Act Rule 14d-1(c) (Third Party Tender Offer) | ◻ |
| Exchange Act Rule 14e-2(d) (Subject Company Response) | ◻ |

---

**ProSiebenSat.1 Media SE**

(Name of Subject Company)

**N/A** 

(Translation of Subject Company's Name into English (if applicable))

**Germany**

(Jurisdiction of Subject Company's Incorporation or Organization)

**MFE – MediaForEurope N.V.** 

(Name of Person(s) Furnishing Form)

**Registered Common Shares** 

(Title of Class of Subject Securities)

**N/A**

(CUSIP Number of Class of Securities (if applicable))

**Fedele Confalonieri, Chairman**

**Viale Europa 46**

**Cologno Monzese**

**20093 Milan**

**+39 02 2514 9588**

*with a copy to:* 

**Victor Goldfeld, Esq.** 

**Wachtell, Lipton, Rosen & Katz** 

**51 W. 52nd Street** 

**New York, New York 10019**

**(212) 403-1000** 

(Name, Address (including zip code) and Telephone Number (including area code)

of Person(s) Authorized to Receive Notices and Communications on Behalf of Subject Company)

**May 8, 2025**

(Date Tender Offer/Rights Offering Commenced)

**PART I – INFORMATION SENT TO SECURITY HOLDERS**

**Item 1. Home Jurisdiction Documents**

---

| | | |
|:---|:---|:---|
| <br> **<u>Exhibit Number</u>** | <br> **<u>Exhibit Number</u>** | &nbsp;&nbsp;&nbsp;&nbsp; <br> **<u>Description</u>** |
| (a) | [Exhibit 99.1](tm2515285d23_ex99-1.htm) | [Announcement pursuant to Section 23 Para. 1 Sent. 1 No. 3 of the German Securities Acquisition and Takeover Act, dated September 4, 2025 (English translation)](tm2515285d23_ex99-1.htm) |
|  | [Exhibit 99.2](tm2515285d23_ex99-2.htm) | [Press release - Publication of the announcement pursuant to Article 23, Paragraph 1, No. 3, WpÜG and regarding the fulfillment of the offer condition, dated September 4, 2025 (English translation)](tm2515285d23_ex99-2.htm) |
| (b) | Not applicable. | Not applicable. |

---

**Item 2. Informational Legends** 

The required legends have been included in the documents filed as exhibits hereto.

**PART II – INFORMATION NOT REQUIRED TO BE SENT TO SECURITY HOLDERS**

---

| | |
|:---|:---|
| <br> **<u>Exhibit Number</u>** | &nbsp;&nbsp;&nbsp;&nbsp; <br> **<u>Description</u>** |

---

(1) Not applicable*.* 

(2) Not applicable.

(3) [Exhibit 99.3](tm2515285d23_ex99-3.htm) [Power of Attorney, dated April 10, 2025](tm2515285d23_ex99-3.htm)

**PART III – CONSENT TO SERVICE OF PROCESS**

MFE – MediaForEurope N.V. filed with the Securities and Exchange Commission a written irrevocable consent and power of attorney on a Form F-X on March 31, 2025.

**PART IV – SIGNATURES**

After due inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

---

| | | |
|:---|:---|:---|
|  | **MFE – MediaForEurope N.V.** | **MFE – MediaForEurope N.V.** |
| Date: 5 September 2025 | By: | /s/ Sara Alberton |
|  |  | Name: Sara Alberton |
|  |  | Title: Attorney |

---

**POWER OF ATTORNEY**

**KNOW ALL MEN BY THESE PRESENTS**, that the undersigned each hereby constitutes and appoints **Marco Giordani, Emanuela Bianchi** and **Sara Alberton**, and each of them, his true and lawful attorney-in-fact, with full power of substitution, to sign any and all instruments, certificates and documents that may be necessary, desirable or appropriate to be executed on behalf of the undersigned as an individual or in the undersigned's capacity as an officer, director, board member, or other representative, as applicable, of any corporation, limited liability company or other entity, pursuant to the Securities Act of 1933, the Securities Exchange Act of 1934, the Trust Indenture Act of 1939, the Investment Company Act of 1940, and the Investment Advisers Act of 1940, in each case as amended from time to time, and any and all rules and regulations of the United States Securities and Exchange Commission promulgated thereunder, or pursuant to any U.S. state securities or "blue sky" law, or the rules of any U.S. national securities exchange, registered securities association, or other self-regulatory organization (collectively, "<u>U.S. Securities Laws and Rules</u>"), under seal or otherwise, and to acknowledge and file or furnish the same, with all exhibits thereto, and any other documents in connection therewith, with the United States Securities and Exchange Commission, and with any other entity, when and if such execution, acknowledgment, and filing or furnishing is mandated by the U.S. Securities Laws and Rules, or any of them, as applicable, granting unto said attorney-in-fact the full power and authority to do and perform each and every act and thing necessary, desirable or appropriate, to fulfill the foregoing purposes, to the full extent that the undersigned might or could do in person, thereby ratifying and confirming all that said attorney-in-fact, or his substitutes, may lawfully do or cause to be done by virtue hereof.

**IN WITNESS WHEREOF**, this Power of Attorney has been signed as of the 10th day of April, 2025.

---

| | |
|:---|:---|
| By: | /s/ Pier Silvio Berlusconi |
|  | Name: Pier Silvio Berlusconi |
|  | Title: Chief Executive Officer |

---

## Exhibit 99.1

**Exhibit 99.1**

*- Convenience translation – only the German version is legally binding -* 

**MFE-MEDIAFOREUROPE N.V.**

**Amsterdam, Netherlands**

**Announcement pursuant to Section 23 Para. 1 Sentence 1 No. 3 of the<br> German Securities Acquisition and Takeover Act<br> (*Wertpapiererwerbs- und Übernahmegesetz* – "WpÜG")**

**and regarding the fulfilment of the Offer Condition**

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION (IN WHOLE OR IN PART) IN, INTO OR FROM ANY JURISDICTION WHERE SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION.

On 8 May 2025, MFE-MEDIAFOREUROPE N.V. ("**Bidder**"), Viale Europa 46, 20093 Cologno Monzese, Italy, published the offer document ("**Offer Document**") for its voluntary public takeover offer ("**Takeover Offer**") to the shareholders of ProSiebenSat.1 Media SE ("**ProSieben**"), Unterföhring, Germany, for the acquisition of their registered no-par value shares of ProSieben, each representing a pro rata amount of the share capital of EUR 1.00 per share (ISIN: DE000PSM7770) ("**P7 Shares**") against payment of a cash amount of EUR 4.48 and granting of 0.4 ordinary shares A in the Bidder per P7 Share. The Bidder has increased the consideration by 0.9 ordinary shares A in the Bidder to (unchanged) EUR 4.48 in cash and 1.3 ordinary shares A in the Bidder per P7 Share (as amended, the "**Offer Consideration**") through the amendment of the Takeover Offer within the meaning of section 21 WpÜG published on 28 July 2025 ("**Offer Amendment**"). The period for the acceptance of this Takeover Offer was extended in accordance with the statutory provisions of the WpÜG due to publication of the offer document for a competing public purchase offer in the form of a partial offer by PPF IM LTD, Nicosia, Cyprus, and ended on 13 August 2025, 24:00 hours (Frankfurt am Main local time). The additional acceptance period pursuant to section 16 para. 2 WpÜG began on 19 August 2025 and ended on 1 September 2025, 24:00 hours (Frankfurt am Main local time).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**I.** **Announcement pursuant to Section 23 Para. 1 Sentence 1 No. 3 WpÜG** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. As of expiration of the additional acceptance period on 1 September 2025, 24:00 hours (Frankfurt am Main
local time) ()"**Reference Date** "), the Takeover Offer has been accepted for a total of 97,694,331 P7 Shares. This is equivalent
to approx. 41.93% of the share capital of and, based on publicly available information, approx. 41.96% of the voting rights in ProSieben
existing on the Reference Date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. As of the Reference Date, the Bidder directly held 78,466,748 P7 Shares. This is equivalent to approx.
33.68% of the share capital of and, based on publicly available information, approx. 33.70% of the voting rights in ProSieben existing
on the Reference Date. The voting rights attached to these P7 Shares are attributed to the Bidder-Controlling Shareholders (as defined
in section 6.2 of the Offer Document) pursuant to section 30 para. 1 sentence 1 no. 1, sentence 3 WpÜG.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. Beyond this, neither the Bidder nor any person acting jointly with the Bidder within the meaning of section 2
para. 5 WpÜG nor their respective subsidiaries directly held P7 Shares or voting rights to be notified pursuant to sections 38,
39 WpHG with respect to ProSieben as of the Reference Date. Beyond this, as of the Reference Date, no voting rights in ProSieben were
attributable pursuant to section 30 WpÜG to the Bidder, persons acting jointly with the Bidder within the meaning of section
2 para. 5 WpÜG or their respective subsidiaries.

As of the Reference Date, the total number of P7 Shares for which the Takeover Offer has been accepted plus the total number of P7 Shares directly held by the Bidder or a person acting jointly with the Bidder within the meaning of section 2 para. 5 WpÜG including P7 Shares for which the Bidder or a person acting jointly with the Bidder has entered into agreements to acquire such P7 Shares amounts to 176,161,079 P7 Shares. This is equivalent to approx. 75.61% of the share capital of and, based on publicly available information, approx. 75.67% of the voting rights in ProSieben existing on the Reference Date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**II.** **Fulfilment of the Offer Condition** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. Pursuant to Section 12 of the Offer Document, the Takeover Offer and the agreements which come into
existence as a result of its acceptance by the shareholders of ProSieben will only be settled if the condition set forth in Section 12.1
of the Offer Document ()"**Offer Condition**") has been (i) satisfied within the relevant time period specified in Section 12.1
of the Offer Document or (ii) effectively waived by the Bidder by one working day prior to the expiration of the acceptance period
(condition subsequent).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. On 4 September 2025, at the time of publication of the results of the Takeover Offer after expiration
of the additional acceptance period contained in section I. of this announcement, the Offer Condition (Merger control clearance in the
United States) was fulfilled.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. Therefore, the Takeover Offer as well as the agreements entered into as a result of accepting the Takeover
Offer are no longer subject to an Offer Condition.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**III.** **Settlement of the Takeover Offer** 

As described in more detail in Section 13.5 of the Offer Document, the granting of the Offer Consideration for the tendered P7 Shares will be effected at the latest on the eighth Banking Day (as defined in Section 2.1 of the Offer Document) after this announcement. It is currently intended that the settlement will occur on 16 September 2025.

Provided that the acceptance of the Takeover Offer by shareholders of ProSieben results in partial share rights in MFE Offer Shares (as defined in Section 1.6 of the Offer Document), such partial share rights will, as further specified in Section 13.5 of the Offer Document, be disposed of in the context of a fractional adjustment (*Teilrechteverwertung*) or settled, and the entitled shareholders of ProSieben will be paid in cash presumably within additional ten Banking Days (i.e., presumably until 30 September 2025).

**Cologno Monzese, Italy, 4 September 2025**

**MFE-MEDIAFOREUROPE N.V.**

**Important Notice:**

This announcement is made pursuant to section 23 para. 1 sentence 1 no. 3 WpÜG and constitutes neither an offer to purchase nor a solicitation of an offer to sell P7 Shares. The final terms of the Takeover Offer as well as other provisions relating to the Takeover Offer are set out solely in the Offer Document as approved by the German Federal Financial Supervisory Authority for publication and the Offer Amendment. Investors and holders of P7 Shares are strongly advised to read the Offer Document as well as the Offer Amendment and all other documents relating to the Takeover Offer, as they contain important information.

The Takeover Offer will be implemented exclusively on the basis of the applicable provisions of German law, in particular the German Securities Acquisition and Takeover Act (*Wertpapiererwerbs- und Übernahmegesetz - WpÜG*), and certain securities law provisions of the United States of America relating to cross-border takeover offers. The Takeover Offer is not conducted in accordance with the legal requirements of jurisdictions other than the Federal Republic of Germany or the United States of America (as and to the extent applicable). Accordingly, no notices, filings, approvals or authorizations for the Takeover Offer have been filed, caused to be filed or granted outside the Federal Republic of Germany or the United States of America (as and to the extent applicable). Investors and holders of P7 Shares cannot rely on being protected by the investor protection laws of any jurisdiction other than the Federal Republic of Germany or the United States of America (as and to the extent applicable). Subject to the exceptions described in the Offer Document and the Offer Amendment and, where applicable, any exemptions to be granted by the respective regulatory authorities, no takeover offer is made, directly or indirectly, in those jurisdictions in which this would constitute a violation of applicable law. This announcement may not be released or otherwise distributed in whole or in part, in any jurisdiction in which the Takeover Offer would be prohibited by applicable law.

The Bidder reserves the right, to the extent permitted by law, to directly or indirectly acquire additional P7 Shares outside the Takeover Offer on or off the stock exchange, provided that such acquisitions or arrangements to acquire will comply with the applicable German statutory provisions, in particular the WpÜG, and Rule 14e-5 of the Securities Exchange Act of 1934 ("**Exchange Act**"), and the Offer Price is increased in accordance with the WpÜG, to match any consideration paid outside of the Offer if higher than the Offer Price. Shareholders should be aware that the Bidder may purchase securities, for example, in open market or privately negotiated purchases. If such acquisitions take place, information on such acquisitions, including the number of P7 Shares acquired or to be acquired and the consideration paid or agreed, will be published in German and in a non-binding English translation without undue delay if and to the extent required under the laws of the Federal Republic of Germany, the United States or any other relevant jurisdiction. The published Takeover Offer is being made for the securities of a German company admitted to trading on the Frankfurt Stock Exchange and the Luxembourg Stock Exchange (*Bourse de Luxembourg*) and is subject to the disclosure requirements, rules and practices applicable to companies listed in the Federal Republic of Germany, which are different from those of the United States and other jurisdictions in certain material respects. This announcement has been prepared in accordance with German style and practice for the purposes of complying with the laws of the Federal Republic of Germany. The financial information relating to the Bidder and ProSieben included elsewhere, including in the Offer Document and the Offer Amendment, are prepared in accordance with provisions applicable in the Federal Republic of Germany and are not prepared in accordance with generally accepted accounting principles in the United States; therefore, it may not be comparable to financial information relating to United States companies or companies from other jurisdictions outside the Federal Republic of Germany. The Takeover Offer is made in the United States pursuant to Section 14(e) of, and Regulation 14E under, the Exchange Act (subject to certain exemptions therefrom), and otherwise in accordance with the requirements of the laws of the Federal Republic of Germany. Shareholders from the United States should note that ProSieben is not listed on a United States securities exchange, is not subject to the periodic requirements of the Exchange Act and is not required to, and does not, file any reports with the United States Securities and Exchange Commission.

Any contract entered into with the Bidder as a result of the acceptance of the Takeover Offer will be governed exclusively by and construed in accordance with the laws of the Federal Republic of Germany. It may be difficult for shareholders from the United States (or from elsewhere outside of Germany) to enforce certain rights and claims under United States federal securities laws (or other laws they are acquainted with) since the Bidder and ProSieben are located outside the United States (or the jurisdiction where the shareholder resides), and some or all of their respective officers and directors reside outside the United States (or the jurisdiction where the shareholder resides). Shareholders of P7 may not be able to sue a non-United States company or its officers or directors in a non-United States court for violations of United States securities laws. It also may be difficult to compel a non-United States company and its affiliates to subject themselves to a United States court's judgment.

To the extent that this document contains forward-looking statements, they are not statements of fact and are identified by the words "intend", "will" and similar expressions. These statements express the intentions, beliefs or current expectations and assumptions of the Bidder and the persons acting jointly with it. Such forward-looking statements are based on current plans, estimates and projections made by the Bidder and the persons acting jointly with it to the best of their knowledge but are not guarantees of future accuracy (this applies in particular to circumstances beyond the control of the Bidder or the persons acting jointly with it). Forward-looking statements are subject to risks and uncertainties, most of which are difficult to predict and are usually beyond the Bidder's control or the control of the persons acting jointly with it. It should be taken into account that actual results or consequences in the future may differ materially from those indicated or contained in the forward-looking statements. It cannot be ruled out that the Bidder and the persons acting jointly with it will in future change their intentions and estimates stated in documents or notifications or in the Offer Document or in the Offer Amendment.

\*\*\*\*\*

This publication is available on the internet

at: <u>https://www.mfemediaforeurope.com/en/governance/freiwilliges-offentliches-ubernahmeangebot-an-die-aktionare-der-prosiebensat-1-media-se/</u>

on: 4 September 2025

Cologno Monzese, Italy, 4 September 2025

**MFE-MEDIAFOREUROPE N.V.**

## Exhibit 99.2

**Exhibit 99.2**

![](tm2515285d23_ex99-1img01.jpg)

**PRESS RELEASE<br> ____________________________________________________________________**

**Publication of the announcement pursuant to Article 23, Paragraph 1, No. 3, WpÜG and regarding the fulfillment of the offer condition**

MFE-MEDIAFOREUROPE N.V. ("**MFE**") announces that, pursuant to Article 23, Paragraph 1, Sentence 1, No. 3, of the German Takeover Act (*Wertpapiererwerbs- und Übernahmegesetz, WpÜG*) and as provided for thereunder, the final announcement relating to the number of shares tendered to the voluntary tender offer launched on 8 May 2025 by MFE over all ordinary shares of ProSiebenSat.1 Media SE as of 1 September 2025 at 24:00 hrs. CEST and regarding the fulfillment of the offer condition has been published.

The aforementioned announcement is available on MFE's website (section "Governance" > "Voluntary public takeover offer by MFE-MEDIAFOREUROPE N.V. to the shareholders of ProSiebenSat.1 Media SE").

Amsterdam (the Netherlands)-Cologno Monzese (Milan, Italy), 4 September 2025

**Department of Communications and Media Relations**

Tel. +39 022514.9301

e-mail: *<u>press@mfemediaforeurope.eu</u>*

*<u>http://www.mfemediaforeurope.com</u>*

**Investor Relations Department**

Tel. +39 022514.8200

e-mail: *<u>investor.relations@mfemediaforeurope.eu</u>*

*<u>http://www.mfemediaforeurope.com</u>*

**MFE-MEDIAFOREUROPE** is an international holding company that brings together Europe's leading commercial broadcasters.<br> **MFE-MEDIAFOREUROPE** is based in Amsterdam, in the Netherlands, and fiscal resident in Italy. It controls Mediaset S.p.A. and Grupo Audiovisual Mediaset España Comunicación (both fiscal resident in their respective countries) and is the main shareholder of the German broadcaster ProsiebenSat1.<br> **MFE-MEDIAFOREUROPE** is listed on the Milan Stock Exchange (Ticker: MFEA, MFEB) and on the Spanish Stock Exchanges (Ticker: MFEA).<br>

**Important Notice**

This press release is neither an offer to purchase nor a solicitation of an offer to sell ProSieben shares. The final terms of the takeover offer, as well as other provisions relating to the takeover offer are set out solely in the offer document authorized for publication by the German Federal Financial Supervisory Authority (*Bundesanstalt für Finanzdienstleistungsaufsicht*) and in the offer amendment. Investors and holders of ProSieben shares are strongly advised to read the offer document and the offer amendment and all other documents relating to the takeover offer as soon as they have been made public, as they will contain important information. The offer document for the takeover offer (in German and a non-binding English translation) with the detailed terms and conditions and other information on the takeover offer are published amongst other information on the internet at *<u>https://www.mfemediaforeurope.com/en/governance/voluntary-public-takeover-offer-to-the-shareholders-of-prosiebensat-1-media-se/</u>*. The takeover offer will be implemented exclusively on the basis of the applicable provisions of German law, in particular the German Securities Acquisition and Takeover Act (*Wertpapiererwerbs- und Übernahmegesetz - WpÜG*), and certain securities law provisions of the United States of America relating to cross-border takeover offers. The takeover offer will not be conducted in accordance with the legal requirements of jurisdictions other than the Federal Republic of Germany or the United States of America (as and to the extent applicable). Accordingly, no notices, filings, approvals or authorizations for the takeover offer have been filed, caused to be filed or granted outside the Federal Republic of Germany or the United States of America (as and to the extent applicable). Investors and holders of ProSieben shares cannot rely on being protected by the investor protection laws of any jurisdiction other than the Federal Republic of Germany or the United States of America (as and to the extent applicable). Subject to the exceptions described in the offer document, the offer amendment, and, where applicable, any exemptions to be granted by the respective regulatory authorities, no takeover offer will be made, directly or indirectly, in those jurisdictions in which this would constitute a violation of applicable law. This press release may not be released or otherwise distributed in whole or in part, in any jurisdiction in which the takeover offer would be prohibited by applicable law. The Bidder reserves the right, to the extent permitted by law, to directly or indirectly acquire additional ProSieben shares outside the takeover offer on or off the stock exchange, provided that such acquisitions or arrangements to acquire will comply with the applicable German statutory provisions, in particular the WpÜG, and Rule 14e-5 of the Securities Exchange Act of 1934 ("**Exchange Act**"), and the offer price is increased in accordance with the WpÜG, to match any consideration paid outside of the takeover offer if higher than the offer price. Shareholders should be aware that the Bidder may purchase securities, for example, in open market or privately negotiated purchases. If such acquisitions take place, information on such acquisitions, including the number of ProSieben shares acquired or to be acquired and the consideration paid or agreed, will be published in German and in a non-binding English translation without undue delay if and to the extent required under the laws of the Federal Republic of Germany, the United States or any other relevant jurisdiction. The takeover offer will be made for the securities of a German company admitted to trading on the Frankfurt Stock Exchange and Luxembourg Stock Exchange (*Bourse de Luxembourg*) and will be subject to the disclosure requirements, rules and practices applicable to companies listed in the Federal Republic of Germany, which are different from those of the United States and other jurisdictions in certain material respects. The financial information relating to the Bidder and ProSieben included elsewhere, including in the offer document and the offer amendment, are prepared in accordance with provisions applicable in the Federal Republic of Germany and are not prepared in accordance with generally accepted accounting principles in the United States; therefore, it may not be comparable to financial information relating to United States companies or companies from other jurisdictions outside the Federal Republic of Germany. The takeover offer will be made in the United States pursuant to Section 14(e) of, and Regulation 14E under, the Exchange Act (subject to certain exemptions therefrom), and otherwise in accordance with the requirements of the laws of the Federal Republic of Germany. Shareholders from the United States should note that ProSieben is not listed on a United States securities exchange, is not subject to the periodic requirements of the Exchange Act and is not required to, and does not, file any reports with the United States Securities and Exchange Commission. Any contract entered into with the Bidder as a result of the acceptance of the takeover offer will be governed exclusively by and construed in accordance with the laws of the Federal Republic of Germany. It may be difficult for shareholders from the United States (or from elsewhere outside of Germany) to enforce certain rights and claims arising under United States federal securities laws (or other laws they are acquainted with) since the Bidder and ProSieben are located outside the United States (or the jurisdiction where the shareholder resides), and some or all of their respective officers and directors reside outside the United States (or the jurisdiction where the shareholder resides). Shareholders of ProSieben may not be able to sue a non-United States company or its officers or directors in a non-United States court for violations of United States securities laws. It also may be difficult to compel a non-United States company and its affiliates to subject themselves to a United States court's judgment. To the extent that this press release contains forward-looking statements, they are not statements of fact and are identified by the words "intend", "will" and similar expressions. These statements express the intentions, beliefs or current expectations and assumptions of the Bidder and the persons acting jointly with it. Such forward- looking statements are based on current plans, estimates and projections made by the Bidder and the persons acting jointly with it to the best of their knowledge, but are not guarantees of future accuracy (this applies in particular to circumstances beyond the control of the Bidder or the persons acting jointly with it). Forward-looking statements are subject to risks and uncertainties, most of which are difficult to predict and are usually beyond the Bidder's control or the control of the persons acting jointly with it. It should be taken into account that actual results or consequences in the future may differ materially from those indicated or contained in the forward-looking statements. It cannot be ruled out that the Bidder and the persons acting jointly with it will in future change their intentions and estimates stated in documents or notifications or in the offer document or in the offer amendment.

## Exhibit 99.3

**Exhibit 99.3**

POWER OF ATTORNEY

**KNOW ALL MEN BY THESE PRESENTS**, that the undersigned each hereby constitutes and appoints **Marco Giordani, Emanuela Bianchi** and **Sara Alberton**, and each of them, his true and lawful attorney-in-fact, with full power of substitution, to sign any and all instruments, certificates and documents that may be necessary, desirable or appropriate to be executed on behalf of the undersigned as an individual or in the undersigned's capacity as an officer, director, board member, or other representative, as applicable, of any corporation, limited liability company or other entity, pursuant to the Securities Act of 1933, the Securities Exchange Act of 1934, the Trust Indenture Act of 1939, the Investment Company Act of 1940, and the Investment Advisers Act of 1940, in each case as amended from time to time, and any and all rules and regulations of the United States Securities and Exchange Commission promulgated thereunder, or pursuant to any U.S. state securities or "blue sky" law, or the rules of any U.S. national securities exchange, registered securities association, or other self-regulatory organization (collectively, "<u>U.S. Securities Laws and Rules</u>"), under seal or otherwise, and to acknowledge and file or furnish the same, with all exhibits thereto, and any other documents in connection therewith, with the United States Securities and Exchange Commission, and with any other entity, when and if such execution, acknowledgment, and filing or furnishing is mandated by the U.S. Securities Laws and Rules, or any of them, as applicable, granting unto said attorney-in-fact the full power and authority to do and perform each and every act and thing necessary, desirable or appropriate, to fulfill the foregoing purposes, to the full extent that the undersigned might or could do in person, thereby ratifying and confirming all that said attorney-in-fact, or his substitutes, may lawfully do or cause to be done by virtue hereof.

**IN WITNESS WHEREOF**, this Power of Attorney has been signed as of the 10th day of April, 2025.

---

| | |
|:---|:---|
| By: | /s/ Pier Silvio Berlusconi |
|  | Name: Pier Silvio Berlusconi |
|  | Title: Chief Executive Officer |

---

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**MFE-MEDIAFOREUROPE N.V.** <br> *MFE Group* <br>Naamloze Vennootschap<br> Official seat in Amsterdam - the Netherlands<br> Official address at viale Europa 46<br> 20093 Cologno Monzese Milan Italy<br> Paid up Capital € 161,676,622.14<br> CCI number 83956859<br> RSIN 863048122<br> Fiscal Code and VAT no IT-09032310154 | &nbsp;&nbsp;&nbsp; <br>**Italian Branch**<br> 20093 Cologno Monzese Milan Italy<br> viale Europa 46<br> Fiscal Code and VAT no IT-09032310154<br>**Spanish Branch** <br> 28050 Madrid Spain<br> Carretera de Fuencarral a Alcobendas 4 | &nbsp;&nbsp;&nbsp;<br>**Administrative Office**<br> 20093 Cologne Monzese Milan Italy<br> viale Europa 44/ 48<br> Phone +39 02 25141 | &nbsp;&nbsp;&nbsp;<br>**Operational Offices**<br> 20093 Cologne Monzese Milan Italy<br> viale Europa 44/48<br> Phone +39 02 25141<br>00187 Rome Italy<br> largo del Nazareno 8<br> Phone +39 06 67381 |

---