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Vivendi advised to sell TIM stake to reach Mediaset deal

Thursday 2 March 2017 | 14:25 CET | News
Mediaset's top shareholder Fininvest could take a stake in Telecom Italia (TIM) under a plan proposed by unnamed advisors to settle a dispute with France's Vivendi, reports Italian daily Il Messaggero. The proposal would involve Vivendi cutting its Mediaset stake from 28.8 percent to 9.9 percent and selling 9.9 percent of its TIM stake to Fininvest. In addition, Vivendi would receive two seats on Mediaset's board while Fininvest would get two on TIM's board, said the report, suggesting the proposal appealed to former prime minister Silvio Berlusconi, whose family controls Fininvest.

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