0
Video

Mediaset shareholders approve European merger plan, Vivendi to launch court action

Wednesday 4 September 2019 | 15:45 CET | News
Italian broadcaster Mediaset announced that its shareholders approved the company's plan to set up a pan-European media group under a Netherlands-based holding company called Media for Europe (MFE) at an extraordinary meeting held in Milan. The corporate overhaul, strongly opposed by shareholder Vivendi, will result in the merger of Mediaset SpA and Mediaset Spain into the Dutch company, with Mediaset shareholders receiving one MFE ordinary share for each Mediaset share owned. The plan is to list MFE in Milan and Madrid later this year.

Thank you for visiting Telecompaper

We hope you've enjoyed your free articles. Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Broadcast & Satellite
Companies: Mediaset / Vivendi
Countries: Europe / Italy / Spain
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Mediaset 9-month profit surges past EUR 100 mln on lower costs, net debt doubles

Published 13 Nov 2019 09:41 CET | Italy
Italian broadcaster Mediaset reported a surge in its net profit to EUR 101.5 million in the first 9 months of 2019, almost four ...

Mediaset raises stake in Germany's ProSiebenSat.1 to over 15%

Published 12 Nov 2019 11:19 CET | Germany
Italian commercial broadcaster Mediaset has announced the acquisition of a further 5.5 percent stake in German counterpart ...

Vivendi prepared to divest Mediaset stake at a premium - report

Published 11 Nov 2019 10:12 CET | Italy
French media giant Vivendi is considering the possibility of divesting its 28.8 percent stake in Mediaset with a view to settling ...

Mediaset, Vivendi negotiating way out of merger plan impasse - report

Published 06 Nov 2019 09:22 CET | Italy
Italian commercial broadcaster Mediaset and its second largest shareholder Vivendi have begun talks over how to overcome the ...

Vivendi files Italian court action against Mediaset merger plan

Published 16 Oct 2019 09:12 CET | Italy
Vivendi has filed a court action in Italy requesting the suspension of Mediaset's plans to merge its Italian and Spanish units ...

Spanish court suspends Mediaset's pan-European plan

Published 11 Oct 2019 15:04 CET | Spain
A Madrid commercial court has temporarily suspended Italian broadcaster Mediaset's plan to merge its domestic and Spanish ...

Vivendi names Felicite Herzog as director of strategy and innovation

Published 02 Oct 2019 10:59 CET | World
Felicite Herzog has joined Vivendi as director of strategy and innovation, reporting to Stephane Roussel, group COO (Chief ...

Mediaset profit and net debt rise in H1

Published 01 Oct 2019 09:54 CET | Italy
Italian broadcaster Mediaset reported a net profit of EUR 108.9 million in the first 6 months of the year, up 155 percent year on ...

Vivendi files Spanish and Dutch court actions against Mediaset merger

Published 24 Sep 2019 10:15 CET | Italy
Vivendi has filed court actions in Spain and the Netherlands against Mediaset's plans to merge its Italian and Spanish units into ...

Vivendi preparing Dutch and Spanish legal action against Mediaset - report

Published 23 Sep 2019 09:42 CET | Italy
Vivendi is set to broaden its legal challenge against broadcaster Mediaset beyond Italy's borders, according to two unnamed ...

Mediaset inks deal to sell 355 mln shares of new MFE holding

Published 20 Sep 2019 09:51 CET | Italy
Italian broadcaster Mediaset announced an agreement to sell up to 355 million shares of its newly-created Media for Europe (MFE) ...

Last week in media: Lions Gate, comScore and Modern Times Group up double digits, Meredith down double digits

Published 09 Sep 2019 10:57 CET | World
The global media sector did well in week 36. Our Global Media index was up 2.0 percent, slightly outperforming the S&P 500 ...

Mediaset to acquire up to EUR 50 mln of Mediaset Spain shares, rejects Vivendi legal claims

Published 05 Sep 2019 09:56 CET | Spain
The board of Italian broadcaster Mediaset has approved the acquisition of Mediaset Spain shares worth up to EUR 50 million to ...

Vivendi allowed to vote at Mediaset European merger meeting

Published 02 Sep 2019 08:59 CET | Italy
A Milan court has ruled in favour of a request filed by Vivendi to vote at the meeting scheduled for later this week at which ...

Last week in media: Naspers nearing split, Mediaset moving forward with business combination

Published 02 Sep 2019 07:01 CET | World
Last week, Naspers took the next step toward listing its Prosus unit in Amsterdam, while Mediaset moved forward with its plan to ...

Vivendi brings court action against Mediaset's European merger plan

Published 27 Aug 2019 11:05 CET | Italy
Vivendi announced that it has brought a court action against the plans of Italian broadcaster Mediaset to create the ...

Last week in media: additional details on Disney+ and Apple TV+

Published 26 Aug 2019 14:37 CET | World
The media sector was all about streaming video last week. Walt Disney made new announcements about its upcoming SVOD service ...

Mediaset accuses Vivendi of discrediting Dutch holding company plan

Published 22 Aug 2019 15:57 CET | Italy
Mediaset has filed a complaint with Italy's market regulator Consob accusing shareholder Vivendi of leaking information with a ...

Vivendi to vote against Mediaset's plan for Dutch holding company - report

Published 21 Aug 2019 16:32 CET | Europe
French media group Vivendi intends to block Mediaset's proposal to create the Netherlands-based holding company Media for Europe, ...

Mediaset rejects Vivendi's extraordinary meeting request

Published 23 Jul 2019 09:12 CET | Spain
The board of Italian broadcaster Mediaset has rejected a request from hostile shareholder Vivendi to call a new extraordinary ...

Mediaset looks to organise broadcasters into European streaming service

Published 15 Jul 2019 13:37 CET | Europe
Italian broadcaster Mediaset is setting up a new company based in Amsterdam called Media for Europe that is expected to lead the ...

Vivendi slams Mediaset's Dutch holding company plan

Published 11 Jul 2019 09:31 CET | Italy
French media giant Vivendi has strongly criticised a move by Italian broadcaster Mediaset to create a new Netherlands-based TV ...

Vivendi asks Mediaset to revoke new loyalty share scheme

Published 03 Jul 2019 09:26 CET | Italy
Italian broadcaster Mediaset announced that it has received a request from hostile shareholder Vivendi to call a new ...

Mediaset may exclude Vivendi from voting at new Dutch holding company

Published 20 Jun 2019 09:54 CET | Italy
Mediaset may exclude hostile shareholder Vivendi from voting at the shareholder meetings of a new Netherlands-based TV company ...

Mediaset to merge Italy and Spain units into Netherlands-based holding company

Published 10 Jun 2019 09:09 CET | Italy
Italian commercial broadcaster Mediaset has announced the creation of a new Netherlands-based holding company and confirmed its ...

Italy's Mediaset acquires 9.6% stake in Germany's ProSiebenSat.1

Published 29 May 2019 09:28 CET | Germany
Italian commercial broadcaster Mediaset has announced the acquisition of a 9.6 percent stake in German counterpart ProSiebenSat.1 ...

Vivendi threatens to challenge Mediaset's decision to refuse voting rights

Published 19 Apr 2019 09:17 CET | Italy
The board of directors of Mediaset approved a resolution on 18 April opposing the request by Vivendi and the Simon Fiduciaria ...

Vivendi transfers majority of Mediaset stake into trust

Published 12 Apr 2018 08:38 CET | Italy
French media giant Vivendi has informed Italy's communications regulator Agcom that it transferred 19.19 percent of its stake in ...