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Vivendi confirms details of 'ambitious' new Mediaset offer

Wednesday 27 July 2016 | 12:56 CET | News
French media group Vivendi has confirmed that it has backed away from a deal to acquire 100 percent of the pay TV unit of Mediaset, saying it has written to the Italian broadcaster with an alternative proposal. Following a request from French financial market regulator AMF, the French company said it's now prepared to offer a 3.5 percent share in Vivendi in exchange for 20 percent of Mediaset Premium as well as 15 percent of parent Mediaset in the next three years via a convertible bond. In its statement Vivendi said the new offer for Mediaset Premium represents a more ambitious project in

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Categories: Broadcast & Satellite
Companies: Mediaset / Vivendi
Countries: Italy
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