Vivendi contests finding that execs manipulated market as EC casts doubt on new media law

Italian authorities have accused Vivendi bosses Vincent Bolloré and Arnaud de Puyfontaine of market manipulation – allegations hotly denied by Vivendi – while the EU has cast doubt on the validity of an Italian media law that allowed its regulator to probe Vivendi’s assets in the country. The Milan public prosecutor’s office last week published […]

Vivendi files complaint against Mediaset with regulator

Vivendi has opened a new front in its war with Mediaset by filing a complaint against the Italian media group with regulator CONSOB over Mediaset’s communication of the ruling of the Court of Milan in relation to the voting rights of Simon Fiducaria, the trust in which Vivendi has deposited the majority of its Mediaset […]

Mediaset takes MediaForEurope battle with Vivendi to regulator

Mediaset has taken its battle with shareholder Vivendi to Italian markets regulator CONSOB with a complaint that the French media giant was attempting to manipulate Mediaset’s share price downwards. Mediaset referred specifically to a report published by Bloomberg this week, citing unnamed sources, that indicated that Vivendi was prepared to vote against the Italian media […]

Vivendi and Mediaset mulling new three-way JV deal

Vivendi, Telecom Italia and Mediaset are circling a possible agreement that would give the Italian broadcaster a stake in a revamped version of the joint venture between Canal+ and Mediaset, according to Italian reports. According to financial daily Il Sole 24 Ore, Vivendi is mulling a change in the ownership of its JV between its […]

Telecom Italia names Genish as CEO and approves Canal+ JV

Telecom Italia (TIM) has confirmed the widely anticipated appointment of Amos Genish as its new CEO and its board has approved the creation of a joint venture with Canal+ to create a new premium video service and content creation unit for the Italian market. According to TIM, the JV with Canal+ will focus on productions […]

Italian government reportedly kicks off move to fine Telecom Italia

Italian authorities have kicked off the process that could end with Telecom Italia (TIM) incurring a fine for failing to notify the government that France’s Vivendi had taken de facto control of the company, according to a press report. According to Reuters, citing an unnamed government source, a government panel met yesterday to conclude its […]

Italy edging closer to ‘golden power’ as CONSOB says Vivendi controls TIM

The Italian government is edging closer towards activating its ‘golden power’ to intervene in industries judged to be of strategic importance after Italian markets regulator CONSOB last week ruled that Vivendi did, after all, exercise effective control over Telecom Italia (TIM). CONSOB ruled last week that Vivendi, which holds a 23.94% stake in TIM, “exercises […]

Vivendi stands firm that it does not ‘control’ Telecom Italia

Vivendi has told Italian markets regulator CONSOB that it does not “control” Telecom Italia (TIM). The watchdog had asked the French company to clarify its degree of control over the telco. In a letter delivered to the Italian watchdog via the French Autorité des Marchés Financiers, Vivendi said that “its participation in the telco is […]

Vivendi agrees to put Mediaset shares in blind trust

Vivendi has agreed to transfer its stake in Mediaset above a threshold of 10% to a blind trust ahead of a likely sale of its shares later, according to Italian press. The move follows the ruling by media regulator AGCOM that Vivendi could not simultaneously hold major stakes in Mediaset and Telecom Italia, forcing the […]