Vivendi has passed both the 5% and 10% thresholds of Mediaset’s share capital.
The French media concern announced late Tuesday that it now owned 12.32% of the Italian pay-TV company’s shares.
However, unlike Vivendi’s earlier announcement, the much-larger buy received just a two-line.
In April Vivendi and Mediaset announced a ‘industrial partnership’ that later collapsed amid acrimony and is yet to find an amicable solution.
The partnership called for Vivendi to acquire 3.5% of Mediaset’s share capital and 100% of the shares in Mediaset Premium in return for 3.5% of Vivendi’s share capital.
On Monday Vivendi indicated that it could purchase as much as 20% of Vivendi’s shares, but stopped short of declaring a hostile takeover.