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Vivendi may reduce Mediaset stake to end legal conflict - report

Monday 18 November 2019 | 08:59 CET | News
French media giant Vivendi may cut its 28.8 percent stake in Mediaset with a view to ending a longstanding legal conflict and allowing the Italian commercial broadcaster to merge with its Spanish subsidiary, according to three unnamed sources cited by Reuters. A Milan court has given the two sides until 22 November to reach an agreement before it issues a decision on Vivendi's request to freeze the corporate overhaul. A potential deal could see Vivendi reduce its Mediaset stake and retain a smaller stake in the Netherlands-based MediaForEurope entity, said the sources.

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