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Vivendi and Mediaset condemned to negotiate

2020-09-09T16:57:21.281Z


After four years of conflict, the two adversaries want peace. An American would eye Mediaset.


They ended up talking to each other.

Wednesday September 9, Arnaud de Puyfontaine, chairman of the board of Vivendi, called Pier Silvio Berlusconi, the boss of Mediaset.

The goal: to renew the dialogue with a view to putting an end to a four-year-old conflict.

In 2016, the two groups entered into an engagement with a cross shareholding.

But when Vivendi refused to buy the pay channel Mediaset Premium and launched a raid on 28.8% of Mediaset's capital, all-out war was declared.

The two opponents have fought in numerous courts across Europe.

But in quick succession, three court decisions have just found Vivendi right.

On July 30, the Madrid Commercial Court suspended Mediaset's move to the Netherlands and buried the European merger project “MediaForEurope”, which deprived Vivendi of its shareholder rights.

Then the judgment of the Amsterdam court of September 1st considered the multiple "voting rights" to be abusive.

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Source: lefigaro

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