Mediaset's top investor ups stake in peace deal with Vivendi

mediasets top investor ups stake in peace deal with vivendi

Sumary of Mediaset's top investor ups stake in peace deal with Vivendi:

  • French media giant Vivendi’s logo is pictured in Paris, France, August 12, 2020. REUTERS/Charles Platiau/File PhotoPARIS/MILAN, July 22 (Reuters) – Mediaset’s top investor Fininvest has bought an additional 5% of Italy’s top commercial broadcaster from French media group Vivendi (VIV.
  • PA) as envisaged by an accord between the three companies, a joint statement said on Thursday.
  • The transaction marks the closing of a broader agreement ending a five-year legal dispute between Mediaset, controlled by the family of former Italian Prime Minister Silvio Berlusconi, and its second-largest investor Vivendi.
  • read more Fininvest, the holding company of the Berlusconi family, paid some 160 million euros for the 5% stake based on the agreed price of 2.70 euro per share.

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