Vivendi and Mediaset Remain in Holding Pattern
Mediaset’s largest shareholder, Fininvest, announced Wednesday that it had not received any proposals from Vivendi and the two firms are not currently negotiating, contrary to published reports. Vivendi has not commented since stating in the middle of December that the firm would buy up to 30% of Mediaset shares, the legal limit in Italy before an investor is required to launch a takeover offer for all shares. We expect Vivendi to remain below the threshold for the time being but do expect the c...
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