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Mediaset prevents Vivendi shareholder participation

April 18, 2019 10.52 Europe/London By Julian Clover

Vivendi has condemned a decision by the Mediaset Board of Directors to refuse its representative to vote in a shareholders’ meeting.

In a statement, the French media concern said the decision was both unlawful and against the interests both of Mediaset and its minority shareholders.

Vivendi said it wasn’t in a position to participate at the Mediaset Shareholders’ Meeting and reserved the right to challenge in court the validity of any resolutions adopted.

It’s the latest twist in the three year old battle between Mediaset and Vivendi that emerged after Vivendi pulled out of a deal to purchase Mediasat’s pay-TV division.

Separately, Fininvest chair Marina Berlusconi has said Mediaset would like to develop a cross-border alliance, but has no intention of including Vivendi in any such deal.

Fininvest owns 44 per cent of Mediaset.

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Filed Under: Finance, Newsline Tagged With: Mediaset, Vivendi Edited: 18 April 2019 10:52

About Julian Clover

Julian Clover is a Media and Technology journalist based in Cambridge, UK. He works in online and printed media. Julian is also a voice on local radio. You can talk to Julian on Twitter @julianclover, on Facebook or by email at jclover@broadbandtvnews.com.

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