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Vivendi u-turn cost Mediaset EUR 100 mln - CEO

Friday 24 March 2017 | 09:55 CET | News
Vivendi's decision to pull out of an agreement to acquire Mediaset's Premium pay-TV unit hit the Italian broadcaster's 2016 accounts by EUR 100 million, according to CEO Pier Silvio Berlusconi. "I am not talking about a loss of EUR 100 million but a worsening of the accounts by about EUR 100 million (in 2016)," said Berlusconi, according to Reuters. He added that the hit was due to several factors including the inability to close commercial agreements after the failed sale. Mediaset has had to reconfigure its plans for Premium after Vivendi's EUR 880 million deal to acquire 3.5 per cent of

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