BERLIN, April 30 (Reuters) - A proposal from
ProSiebenSat.1 top investor MFE-MediaForEurope
to split off the German media group's e-commerce and
online dating ventures from its TV operations narrowly failed to
get the required shareholder backing on Tuesday.
Some 70.95% of shareholders voted in favour of MFE's
proposal, falling short of the 75% threshold required for the
motion to pass.
"Although the motion on the spin-off valuation was formally
not passed, more than 70% of the shareholders voted for it," a
spokesperson for MFE said, adding that MFE expects ProSieben
management and the supervisory board to get to work immediately
to increase the value of the company.