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.