An Italian court has rejected a multibillion-euro damages claim by Mediaset against its former partner Vivendi.
But the French media giant behind the Canal+ brand has still been ordered to pay the sum of €1.7 million.
It’s the first ruling in a case resulting from the failed 2016 agreement between the two companies that would have seen the French group buy into the loss-making pay-DTT operation. The resulting dispute saw Vivendi accrue a 29% stake in Mediaset, against the wishes of the company.
The court ruled the purchase to be lawful and did not represent unfair competition.
Mediaset had been seeking €3 billion in damages, but the court ordered Mediaset to pay €1.7 million in compensation for failing to meet a number of obligations when it pulled out of the contract.