France's Vivendi seeks meeting with Mediaset to discuss ending legal row: sources
Reuters
Published Aug 11, 2020 08:36AM ET
MILAN (Reuters) - French media group Vivendi (PA:VIV) has asked to meet top executives at Mediaset (MI:MS) to start talks over a possible deal to end a long-running row with the Italian broadcaster, three sources with knowledge of the matter said on Tuesday.
Over the last four years Mediaset - controlled by the family of former Prime Minister Silvio Berlusconi - and the French media group have been embroiled in a legal battle which stemmed from a failed pay-TV sale.
The row intensified last year when Mediaset approved a plan to merge its Italian and Spanish (MC:TL5) businesses under a Dutch holding company, through which it wants to build pan-European alliances.
But opposition from Vivendi, which says the holding's governance structure would strengthen the Berlusconis' grip over the group, led to the project being suspended by a Madrid court.
Mediaset declined to comment. Vivendi was not immediately available to comment.
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Written By: Reuters
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