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Vivendi prepared to sell part of Mediaset stake at a loss - report

Friday 22 November 2019 | 09:50 CET | News
French media giant Vivendi is ready to sell part of its 28.8 percent stake in Mediaset at a loss to end a longstanding legal conflict with the Italian commercial broadcaster, according to two unnamed sources cited by Reuters. One of the sources claimed that Vivendi is prepared to sell the Mediaset shares held by its Simon Fiduciaria trust at a price of EUR 3.25 each, higher than the EUR 2.77 offered by Mediaset but lower than the EUR 3.7 per share it paid back in 2016.

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