Berlusconi’s eldest children to take joint control of media empire

No single child of the late Silvio Berlusconi is to have a controlling interest in media holding company Fininvest under the terms of the former Italian prime minister and media tycoon’s will, with his son Pier Silvio and daughter Marina to jointly hold a majority stake. It has emerged today that Berlusconi’s two eldest children […]

Mediaset-Vivendi case pushed back to October

The first court hearing of Mediaset’s case against Vivendi saw judge Vincenzo Perozzeillo push the case back to October, which potentially gives the warring pair more time to find an out-of-court settlement. The next hearing of the case, which has seen Mediaset and its owner Fininvest seek damages against the French media giant over its […]

Mediaset and Fininvest demand an additional €3bn from Vivendi

Vivendi has revealed that Mediaset and leading shareholder Fininvest filed a fresh lawsuit against it in June, claiming an additional €3 billion in damages. Mediaset filed a complaint on June 9, claiming damages totaling €2 billion, while parent company Fininvest claimed €1 billion. The complaint related to Vivendi’s acquisition of Mediaset shares at the end […]

Mediaset names ex-AC Milan chief as Premium president

Mediaset has named former AC Milan chief Adriano Galliani as the new president of its struggling pay TV arm, Mediaset Premium. Galliani, who joins managing director Marco Leonardi at the head of the pay TV outfit, led AC Milan for over 30 years, leaving in April this year following the sale of the football club […]

Fininvest denies Vivendi proposal report

Mediaset’s controlling shareholder Fininvest has said it has not received any fresh proposal from Vivendi to break the deadlock between the pair in their long-running dispute over the future of Mediaset’s loss-making pay TV arm, according to multiple reports. Fininvest’s denial followed a spike in Mediaset’s share price on a report by Bloomberg, which said […]

Battle for Mediaset intensifies as Vivendi acquires 12% stake

The battle between Vivendi and Mediaset has entered a new phase, with Vivendi revealing that it now owns 12.32% of the Italian media group and Mediaset’s owner Fininvest filing a complaint over what it views as “market manipulation” on the part of the French group. Vivendi announced yesterday that it had passed the 5% and […]

Fininvest sues Vivendi for €570 million over aborted Mediaset deal

Following the legal action taken by Mediaset against Vivendi last week, the Italian broadcaster’s parent company Fininvest has delivered its own blow to the French media company by filing a claim for damages against it to the tune of €570 million. Mediaset is suing Vivendi for €50 million a month starting from June 25, the […]

AC Milan sale provides boost for Mediaset holding company

Mediaset holding company Fininvest has signed a preliminary contract with a group of Chinese investors to sell AC Milan in a deal that values the football club at €740 million, including debt estimated at €220 million. The investors, grouped together as Sino-Europe Sports Investment Management Changxing Co Ltd, include state investment group Haixia Capital and […]

Mediaset stock drops as Fininvest sells tranche of shares

Italian commercial broadcaster Mediaset’s shares dropped sharply in value at the end of last week on news that Silvio Berlusconi’s Fininvest holding vehicle had sold a 7.79% stake in the operation, taking Fininvest’s interest down to 33.4%. Mediaset’s shares were trading this morning at around €3.86-3.88 after suffering a further fall, taking the stock below […]