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Italy probing market manipulation by Vivendi in Mediaset Premium case

Monday 14 December 2020 | 08:59 CET | News
Italian prosecutors are conducting an investigation into Vivendi's Vincent Bollore and Arnaud De Puyfontaine for alleged market manipulation and obstruction of regulators in a case involving Italian broadcaster Mediaset, according to a tax police document seen by Reuters. According to the probe, the two executives took part in the deal to buy the Mediaset Premium pay-TV unit with a view to driving down its share price and raiding its stock, said the police. "Vivendi formally denies any wrongdoing regarding the Mediaset affair," said the French company in a statement, adding that it "reaffirms

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Categories: Broadcast & Satellite
Companies: Mediaset / Telecom Italia / TIM / Vivendi
Countries: Italy
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