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Vivendi intends to raise Mediaset stake to 'strategic' 30%

Tuesday 20 December 2016 | 08:14 CET | News
French media giant Vivendi announced that its management board has decided to increase its stake in Mediaset to 30 percent, the legal limit above which an investor is required to launch a takeover bid. The declaration of intent comes after Vivendi last week spent EUR 800 million to aggressively build up a 20 percent stake in the Italian commercial broadcaster and become Mediaset's second largest shareholder behind the Fininvest holding company of former Italian Prime Minister Silvio Berlusconi and his family. Fininvest replied to that move by quickly raising its stake to 38.3 percent of

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