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Vivendi set to complain to EU over proposed Italian media plurality law
2020-11-19 01:00:00| Total Telecom industry news
Italy has recently drafted a law, currently under discussion in parliament, what would require regulator AGCOM to investigate for up to six months companies operating in both the telecoms and media sectors at a significant scale. This move will directly affect French media firm Vivendi, which currently owns a 24% stake in incumbent operator Telecom Italia (TIM) as well as a contentious 29% of Italy’s top broadcaster, Mediaset. …read more on TotalTele.com »
Vivendi agrees Universal Music stake sale to Tencent consortium
2019-12-31 11:01:00| Telecompaper Headlines
(Telecompaper) Vivendi has agreed to sell 10 percent of its Universal Music Group (UMG) subsidiary to a consortium led by Chinese group Tencent, in a deal valuing the whole of UMG at EUR 30 billion. Tencent and Vivendi entered talks on the sale in August, just over a year after the plan for a stake disposal was first unveiled. The consortium, which includes Tencent, Tencent Music Entertainment and a number of financial investors, has also negotiated the option to acquire an additional 10 percent stake in UMG by 15 January 2021, at the same price and terms.
Tags: music
sale
universal
agrees
Last week in media: Vivendi escalating war with Mediaset, Facebook and Google set sights on rivals
2019-10-07 07:00:00| Telecompaper Headlines
(Telecompaper) The global mediasector overall didn't move very much over the course of week 40. Our Global Media index ended the week off just 0.1 percent, against a loss of 0.3 percent for the S&P 500 index. ComScore came off from its low with a 10 percent gain. Activision Blizzard also did well, ending the week up 5.9 percent. Zee Entertainment, following an analyst downgrade and worries over its balance sheet, was the worst performer, down 13 percent.
Mediaset shareholders approve European merger plan, Vivendi to launch court action
2019-09-04 15:45:00| Telecompaper Headlines
(Telecompaper) Italian broadcaster Mediaset announced that its shareholders approved the company's plan to set up a pan-European media group under a Netherlands-based holding company called Media for Europe (MFE) at an extraordinary meeting held in Milan. The corporate overhaul, strongly opposed by shareholder Vivendi, will result in the merger of Mediaset SpA and Mediaset Spain into the Dutch company, with Mediaset shareholders receiving one MFE ordinary share for each Mediaset share owned. The plan is to list MFE in Milan and Madrid later this year.
Tags: plan
action
court
european
Vivendi in talks to sell 10% stake in Universal Music to Tencent
2019-08-06 10:01:00| Telecompaper Headlines
(Telecompaper) Vivendi has entered into preliminary negotiations with Chinese group Tencent to sell 10 percent of Universal Music Group (UMG), in a deal that would give UMG a preliminary equity valuation of EUR 30 billion. Tencent would also have a one-year call option to acquire an additional 10 percent stake at the same price and terms, said the company.
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