Vivendi Has Dropped Summary Proceedings Against Mediaset Merger in Amsterdam -Sources
October 15 2019 - 5:07AM
Dow Jones News
PARIS--Vivendi SA (VIV.FR) has dropped the summary proceedings
it had opened in the Netherlands against the merger of Mediaset SpA
(MS.MI) and its Spanish subsidiary Mediaset Espana Comunicacion SA
(TL5.MC), according to sources familiar with the matter.
Given that a Madrid court ruled last week to suspend the merger
of the two broadcasting companies following a legal challenge by
Vivendi, the proceeding initiated in Amsterdam wasn't necessary
anymore, according to a source.
Vivendi, which holds a stake in both Mediaset and its Spanish
subsidiary, had said at the time that it was satisfied with the
Spanish court's decision and that legal actions in the Netherlands
as well as Italy would continue.
Separate legal action initiated by Vivendi in the Netherlands is
still in place, according to another source.
The French media and entertainment group has been embroiled in a
dispute with Mediaset, which is controlled by former Italian Prime
Minister Silvio Berlusconi's family, since a pay-TV deal between
the two companies fell apart in 2016. Vivendi holds a 28.8% stake
in Mediaset.
Write to Barcelona Editors at barcelonaeditors@dowjones.com
-0-
This story was translated in whole or in part from a
French-language version initially published by L'Agefi-Dow
Jones.
(END) Dow Jones Newswires
October 15, 2019 04:52 ET (08:52 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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