Italy


Telecom Italia chairman Conti may exit

Telecom Italia (TIM) chairman Fulvio Conti is considering resigning after just over a year in the role. Conti on Thursday confirmed a report by Italian daily newspaper La Repubblica that he was considering quitting, citing easing tensions between warring Telecom Italia shareholders Vivendi and Elliott Management. According to a separate report by Reuters, Conti’s resignation could […]

Vivendi piles pressure on Mediaset over MediaForEurope vote

Vivendi is continuing to pile pressure on Mediaset following the approval given by yesterday’s Mediaset shareholders’ meeting that approved the company’s merger with Mediaset España and the creation of new Dutch holding company MediaForEurope. Vivendi, which strongly opposes the merger, said that the resolution green-lighting the project would have been rejected if Simon Fiduciaria, the […]

Vivendi threatens ‘serious litigation’ in wake of Mediaset merger vote

Vivendi has accused Mediaset’s board of “dragging their company into serious litigation” after the Italian media group denied Simon Fiduciaria, the trust that holds the bulk of Mediaset shares purchased by Vivendi, the right to vote in a crucial shareholders meeting. Mediaset’s decision to bar Simon Fiduciaria from attending yesterday’s EGM ensured that its plan […]

Mediaset secures green light from shareholders for Europe plan

Mediaset has secured a green light from shareholders for its creation of a new holding company, MediaForEurope, and its merger with Mediaset España.  Seventy-eight per cent of shareholders present approved the proposal, with 21% opposing. The majority easily surpassed the two thirds required for approval of the deal. The merger was strongly opposed by Mediaset […]

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 […]

Vivendi secures right to vote in MediaForEurope battle with Mediaset

Vivendi has secured a victory in its battle to secure representation of its views on Mediaset’s plans for a pan-European holding company and merger with Mediaset España at a forthcoming shareholder vote. However, Simon Fiduciaria, the trust in which the bulk of Vivendi’s shares are held to comply with Italian media law, will not be […]

Mediaset unveils voting share allocation for MediaForEurope

Mediaset has announced the proportion of special voting shares that will be allocated to its shareholders Fininvest – the vehicle of the Berlusconi family – and Vivendi under the terms of the planned merger between Mediaset and Mediaset España within a new Netherlands-based holding company, MediaForEurope. Under the terms of the proposed merger agreement, special […]

Futuresource: Netflix driving SVOD in France, but multi-subscriptions lag

Netflix is driving growth of subscription video-on-demand in France, but multiple SVOD subscriptions, which have yet to take off, are expected to grow with the launch of new entrants over the next couple of years, according to Futuresource Consulting. According to the research outfit, total video entertainment consumer spend in France is expected to exceed […]

Vivendi takes legal action to preserve right to vote against MediaForEurope plan

Vivendi has confirmed that it plans to vote against the planned merger of Mediaset into a new MediaForEurope (MFE) holding company along with Mediaset España. The French media group has also filed a request with the Court of Milan to issue an urgent order aimed at preserving its right to both attend Mediaset’s planned EGM […]

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 […]

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