Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

Mediaset hopes truce with Vivendi to come with content deal with Telecom Italia: media

Published 12/10/2017, 06:01 PM
Updated 12/10/2017, 06:10 PM
© Reuters. Mediaset's Chief Executive Pier Silvio Berlusconi looks on after media conference at the headquarter in Cologno Monzese, near Milan

MILAN (Reuters) - Mediaset's (MI:MS) chief executive said he hoped the shared interest over TV content with Telecom Italia (TIM) (MI:TLIT) could pave the way to a truce with France's Vivendi (PA:VIV), speaking in a interview published late on Sunday.

"TIM needs our content, it is very interested in an agreement, but there is a pending matter with their controlling shareholder Vivendi," CEO Pier Silvio Berlusconi told Italian daily Corriere della Sera.

"Let's see if these common interests on content will help us overcome difficulties," he added.

Mediaset and Vivendi have engaged in a legal battle since the French group last year unexpectedly backed out of a deal handing it control of the Milan group's pay-TV unit Premium. The rift deepened when Vivendi built up a 28.8 percent stake in Mediaset, controlled by former Prime Minister Silvio Berlusconi. Vivendi also controls TIM, with a 24 percent stake.

Sources close to the matter have said the two sides are in talks over a possible deal, with Vivendi hoping to reach an agreement before a Dec. 19 court hearing in Milan on the case.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.