Italy’s Mediaset SpA and France’s Vivendi SE could reach an accord as soon as this weekend to resolve a dispute over a scrapped pay-TV deal, daily la Repubblica reported on Saturday, May 1.
The two companies have been fighting since 2016, when the French media conglomerate dropped a plan to buy a Mediaset pay-television unit. Mediaset has sought billions of euros in damages from Vivendi, which is also the largest shareholder of Italy’s former phone monopoly, Telecom Italia SpA.
As part of an agreement to settle the dispute, Vivendi could sell off a stake of more than 19% in Mediaset it controls through Simon Fiduciaria within five years, Repubblica stated. Vivendi would at that point effectively control less than 10% of the company.
A Milan court ruled on April 19 that Vivendi didn’t have to pay as much as €3 billion (US$3.6 billion) of damages after the French media conglomerate scrapped the pay-TV deal.
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
BHP Unveils £31bn Mining Megamerger Proposal with Anglo American
Apr 25, 2024 by
nhoch@pymnts.com
ByteDance Prefers Shutdown Over Sale of TikTok Amid US Ban Threats
Apr 25, 2024 by
CPI
FCC Votes to Restore Net Neutrality Rules
Apr 25, 2024 by
nhoch@pymnts.com
Apple Rejects Spotify’s Updated App Over In-App Pricing Disclosure
Apr 25, 2024 by
CPI
FCC Set to Reinstate Net Neutrality Rules Today
Apr 25, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI