Mediaset Premium

Mediaset demands Vivendi honour deal as seizure bid heads for court

Mediaset still expects Vivendi to honour the terms of the aborted strategic agreement between the pair, despite its ongoing move to seize shares in the French media company that were to be attributed to it under that deal. Speaking to analysts after the company reported less than stellar Q3 financials – its results being pulled […]

Mediaset: Vivendi letter confirms validity of contract

Mediaset has claimed that a letter received from Vivendi formally calling time on the interim management agreement between the pair implicitly recognises the validity of the April 8 contract struck by the French and Italian companies whereby Vivendi would have taken control of Mediaset Premium. The Italian broadcaster said that the October 18 letter officially […]

Vivendi chief still hopeful of Mediaset deal

Vivendi is still hopeful of striking a deal with Mediaset following the acrimonious collapse of the pair’s partnership, according to CEO Arnaud de Puyfontaine. De Puyfontaine told Italian press on Friday that he was hopeful the pair would be able to resolve the dispute that has escalated after Vivendi’s decision to pull out of a […]

Vivendi and Mediaset set for court hearing

The battle between feuding former partners Vivendi and Mediaset is scheduled for its first court hearing on March 21, according to Reuters. Citing an unnamed source, the news agency reported that Mediaset has yet to decide whether it will ask for a fast-track proceeding. Reuters last week reported that Mediaset had complained to the French […]

Vivendi reportedly edging towards compromise deal with Mediaset

Vivendi may make a new proposal to Mediaset following the acrimonious collapse of its previously agreed strategic partnership with the Italian broadcaster and could use Italy’s Mediobanca as an intermediary, according to Italian daily Il Sole 24 Ore. According to the financial daily, Vivendi could make peace overtures to coincide with its half-year results on […]

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 and Vivendi at war over stalled deal

Mediaset has threatened to take legal action against Vivendi if the French media company fails to respect the terms of its contract with the Italian broadcaster to take control of Mediaset Premium, the company has said. Mediaset’s board yesterday emphatically rejected the revised proposal put forward by Vivendi this week, which would see it take […]

Mediaset rejects Vivendi account of contested deal

Mediaset yesterday poured cold water on Vivendi’s overtures in search of a revised agreement to take a stake in its pay TV arm and develop a strategic partnership with the Italian broadcaster. Mediaset said that there were currently no negotiations taking place between the pair. It asserted that talks ended with the contract signed on […]

Vivendi seeks new deal with Mediaset over questions on Premium value

Vivendi has pulled out of its planned acquisition of an 89% stake in Mediaset Premium and submitted an alternative proposal to take a 20% in the pay TV outfit after the emergence of what it described as “significant differences” in its analysis of Mediaset Premium’s results. Vivendi said that its CEO Arnaud de Puyfontaine wrote […]

Premium pushes Mediaset into the red

Mediaset was pulled into the red in the first quarter, posting a loss of €18 million compared with a profit of €0.6 million for the same period last year, thanks to continued losses at pay TV unit Mediaset Premium, now to be acquired by Vivendi. Mediaset said that its losses from “discontinued operations” amounted to […]