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General

Vivendi committed to keeping Mediaset, TIM investments - Bollore

Friday 1 June 2018 | 14:22 CET | News
French media giant Vivendi intends to keep its investments in Italy in spite of numerous recent setbacks, reports Reuters, citing billionaire investor Vincent Bollore. "Italy is a deal that will eventually bear fruit," said Bollore at the annual shareholder meeting of his conglomerate holding company, adding "I continue to believe that what is going on there is interesting." Vivendi has a long-held ambition to build a southern European media powerhouse but last month lost control over the board of Telecom Italia (TIM) following a campaign by activist fund Elliott. "As long as they [Elliott]

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Categories: General
Companies: Mediaset / Telecom Italia / TIM / Vivendi
Countries: Italy
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