Telecom Italia names Rossi as new chairman

Telecom Italia has named Salvatore Rossi as the company’s new chairman, replacing Fulvio Conti. The telco said it had granted Rossi the powers of chairman including the right to take part in the company’s strategic committee. Conti resigned in September in a move that is seen as potentially smoothing the way for an agreement between […]

Canal+ stable for Vivendi in Q3, despite subscriber losses in France

Vivendi has posted positive results for the quarter amid ongoing legal disputes with the Italian Mediaset. The multimedia company saw revenues increase by 16.7% year-over-year to €3.97 billion.  In terms of its TV business, Canal+ Group, revenues slightly increased from €1.25 billion to €1.29 billion when compared to the previous year. The first nine months […]

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 […]

Vivendi names Herzog as strategy and innovation chief

Vivendi has named Félicité Herzog as senior vice-president, strategy and innovation. Herzog, who has worked as an advisor to Vivendi’s video site Dailymotion, will report to Stéphane Roussel, the media giant’s chief operating officer and chairman and CEO of Vivendi-owned video-games outfit Gameloft. Roussel said: “We are very pleased to welcome Félicité Herzog to Vivendi. […]

Telecom Italia chair Conti resigns

Fulvio Conti has resigned as Telecom Italia chairman in a move that is seen as potentially smoothing the way for an agreement between the telco’s warring shareholders. Conti, who was aligned with activist investor Elliott Management, has been replaced on an interim basis by senior director Michele Valensise, in a move that was welcomed by […]

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 […]

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