Vivendi and Mediaset ended a five-year period of hostilities in May, with the disagreement originally beginning when the French media giant unilaterally pulled out of a deal to acquire the Italian company’s pay TV arm.įollowing its withdrawal from the agreement to buy Mediaset Premium in 2016, Vivendi acquired a large stake in the Italian outfit, leading to accusations of market manipulation on the part of Mediaset and actions in the courts and with regulators to overturn the acquisition. The companies, however, shut down any speculation over further disagreement by announcing that they would amend the agreement struck earlier this year to take account of the proposed changes to Mediaset’s share structure. The structure will give each B share a value worth 10 times an A share, with a 10-to-one ratio for voting rights. The companies, which have been sparring for years, announced a truce in July but this was thrown into doubt last month when Mediaset proposed a dual class share structure to further its M&A plans. Vivendi has agreed to vote in favour of Mediaset’s plans to introduce a dual class share structure, paving the way for the Silvio Berlusconi company to expand across Europe.
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