On March 21, 2024, MFE-MediaForEurope announced that it has called on shareholders of ProSiebenSat.1 Media SE to back a plan to spin-off its e-commerce and dating assets at the annual meeting of shareholder scheduled to be held on April 30, 2024. In addition, MFE-MediaForEurope stated that implementation of the spin-off would result in 2 separate listed companies operated by their own independent management teams, the asset split could help it mount a potential buyout approach for Company as it looks to expand across Europe. Further, MFE-MediaForEurope stated that the Company must return to its core business, and the first step should be to spin off its dating and e-commerce operations to extract value.
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