Mediaset locked in battle with French media group Vivendi
 

Berlusconi's entertainment tech empire under threat

Italy’s largest private media company, Mediaset, has opposed an attempt by its hostile shareholder, French media group Vivendi, to exercise its voting rights through a trust company.

Mediaset and Vivendi have been locked in a legal battle since the French firm pulled out of a deal to buy Mediaset’s pay-TV unit in July 2016 and then made a hostile raid on the Italian company’s share register, taking a 28.8 percent stake.

Later, Vivendi transferred 19.19 percent of its total shareholding into a trust, Simon Fiduciaria, which recently signaled its intention to exercise voting rights on that stake at Wednesday’s annual shareholder meeting.

Mediaset said on Wednesday that it opposed the trust’s request.

For those who don't know, Mediaset is run by Pier Silvio Berlusconi who is the son of the former Italian prime minister Silvio Berlusconi

https://fudzilla.com/news/46633-medi...-group-vivendi