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Vivendi set to reduce Mediaset stake

November 18, 2019 12.43 Europe/London By Chris Dziadul

Vivendi could reduce its 29% stake in the Italian broadcaster Mediaset on order to end a long-running dispute between the two companies.

Quoting three unnamed sources close to the matter, Reuters adds that a transaction would help the European expansion plans of Mediaset, which is controlled by the family of the former Italian PM Silvio Berlusconi.

Specifically, these envisage the creation of a service known as MediaForEurope.

This is opposed by Vivendi and the two parties have been given until the end of next week by an Italian court to resolve the dispute.

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Filed Under: Newsline Tagged With: France, Italy, Mediaset, Vivendi Edited: 18 November 2019 12:43

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About Chris Dziadul

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