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Vivendi-Mediaset close to finalising stock swap - report

Monday 4 April 2016 | 08:45 CET | News
French media group Vivendi and Italian commercial broadcaster Mediaset are close to finalising a share swap agreement of around 3.5 percent of capital that will give Vivendi control of the Mediaset Premium pay-TV platform, according to several press reports. The swap will be perfected via Vivendi and Mediaset treasury shares, said business daily Il Sole 24 Ore, adding that a draft deal could be reached this week, with the two companies agreeing to include members on their respective boards. The ultimate aim of the Vivendi-Mediaset agreement is to create an integrated pan-European pay-TV

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Categories: Broadcast & Satellite
Companies: Mediaset / Netflix / Sky / Vivendi
Countries: France / Italy
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