Vivendi brings focus to legal battle with Mediaset

Following its Spanish court victory at the end of last week, Vivendi this week followed up by withdrawing the complaint it filed against Mediaset in the Netherlands and concentrate on its other legal moves against the Italian broadcaster. The Spanish ruling effectively put Mediaset’s plans to create a new Dutch-based holding company on ice. Vivendi, […]

Vivendi secures Spanish court victory in battle with Mediaset

Vivendi has secured a victory in its battle to stop Mediaset’s plan to create a new Europe-wide holding company merging the Italian broadcaster with Mediaset España, with a Spanish court making a preliminary ruling suspending the process. The commercial court in Madrid has suspended the decisions taken at the Mediaset España extraordinary shareholders’ meeting on […]

Mediaset completes withdrawal rights count

Mediaset has completed the count of shareholders intending to exercise withdrawal rights ahead of its planned merger with Mediaset España and creating of a new Dutch-registered holding company, MediaForEurope (MFE). Mediset said that withdrawal rights had been exercised for 492,691 shares, or 0.0417% of the total outstanding sharehs in the omcpany, meanting that the shares […]

Vivendi files for damages against Mediaset in Italy

Vivendi has followed up the legal action it initiated to disrupt the creation of Mediaset’s new European holding company in the Netherlands by filing a suit against the company in Italy. Mediaset said it had received a writ of summons from the French media giant requesting the Court of Milan to annul the resolution in […]

Mediaset sees revenues slide and profits rise, marks progress on MFE

Mediaset has posted increased profits on reduced revenues in the first half, with the top line hit by the loss of pay TV revenues from Mediaset Premium and lower advertising sales in both Italy and Spain. Costs were also down due to the absence of the 2018 World Cup and the loss of football rights […]

Vivendi opens legal challenge to Mediaset’s proposed European mega group

Vivendi is furthering its ongoing dispute with Mediaset in court, following its decision to retain its stake in the broadcaster. The move is designed to disrupt Mediaset, which has just won shareholder approval to create a pan-European media group in an effort to stave off competition from foreign streaming services. Vivendi however also has plans […]

Berenberg: Mediaset investors likely to stick around for MFE deal

Mediaset shareholders are likely to accept conversion of their shares into stakes in the new MediaForEurope (MFE) organisation that will combine Mediaset and Mediaset Espana, even if they chose to retain an option to exercise withdrawal rights that would enable them to cash out before completion, according to analysts at Berenberg. Berenberg’s analysts, who have […]

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 […]