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Vivendi questions Mediaset Premium value, looks to cut stake

Tuesday 26 July 2016 | 14:02 CET | News
Italian broadcaster Mediaset has announced that French media giant Vivendi has backtracked on its plan to acquire 100 percent of pay TV unit Mediaset Premium, submitting a new proposal to take a 20 percent stake, plus 15 percent in three years' time through a convertible bond issue. Mediaset said it received a letter from Vivendi "absolutely out of the blue" that was in "clear contradiction" with what it described as a binding agreement to acquire Mediaset's 89 percent stake in the unit as well as the remaining 11 percent stake held by Spain's Telefonica. The French group subsequently issued

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