Vivendi says it now holds 20% in Italian media company Mediaset.
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, under the terms of its original agreement, but stopped short of declaring a hostile takeover.