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...Vivendi is an audiovisual group active in the entertainment industry with activities in music, TV, cinema, mobile, fixed and internet, and games. Co.'s operations are divided into five businesses: Canal+ Group which produces and distributes pay-TV in France, analog or digital, and is involved in film making; Universal Music Group which sells recorded music (physical and digital media); GVT which serves as a telecommunication operator for fixed ultra high-speed broadband, fixed-line telecommunications and Pay-TV in Brazil; SFR which is engaged in mobile phone services in France, as well as fixed and ADSL services; and Other Activities which involves ticketing, Wengo and Watchever.
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