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Mediaset sues Vivendi, seeks EUR 1.5 billion in damages
2016-08-22 09:50:00| Telecompaper Headlines
(Telecompaper) Italian broadcaster Mediaset has filed a lawsuit against in order to force Vivendi to honour its deal to acquire 100 percent of its pay-TV business Mediaset Premium, Les Echos reported. The Italian group expects to win damages of at least EUR 1.5 billion and is demanding an additional EUR 50 million for each month Vivendi fails to comply with the deal, the paper cited a Mediaset spokesman as saying. The paper said the lawsuit was filed on Friday at a court in Milan and that Vivendi declined to comment on the news.
Tags: eur
billion
seeks
damages
Vivendi questions Mediaset Premium value, looks to cut stake
2016-07-26 14:02:00| Telecompaper Headlines
(Telecompaper) Italian broadcaster Mediaset has announced that French media giant Vivendi has backtracked on its plan to acquire 100 percent of pay TV unit Mediaset Premium, submitting a new proposal to take a 20 percent stake, plus 15 percent in three years' time through a convertible bond issue. Mediaset said it received a letter from Vivendi "absolutely out of the blue" that was in "clear contradiction" with what it described as a binding agreement to acquire Mediaset's 89 percent stake in the unit as well as the remaining 11 percent stake held by Spain's Telefonica. The French group subsequently issued a statement clarifying that CEO Arnaud de Puyfontaine sent a letter to Mediaset on 21 June informing the Italian company's management of "significant differences in the analysis of [Mediaset Premium's] results, for which the two companies are currently in negotiations."
Tags: questions
premium
cut
stake
Guillemot family sells 'bulk' of Gameloft shares to Vivendi
2016-06-08 11:43:00| Telecompaper Headlines
(Telecompaper) The Guillemot family, which founded mobile-gaming group Gameloft, said it has decided to sell the bulk of its shares in Gameloft "with regret" to Vivendi, which last week controlled about 56 percent of Gameloft's voting rights, French media reported. Vivendi made an unsolicited takeover approach for the games editor earlier this year.
Tags: family
shares
bulk
sells
Vivendi 'happy' with status quo in Italy
2016-06-03 02:00:00| Total Telecom industry news
Vincent Bolloré says his company is not looking to 'manage' Telecom Italia, nor is it keen to cash out in the event of a takeover.
Vivendi owns over 60% of Gameloft, wants more
2016-06-01 09:10:00| Telecompaper Headlines
(Telecompaper) Vivendi announced that it has acquired 28.16 million Gameolft shares tendered in its offer of 18 February, giving it 61.71 percent of Gameloft's share capital and 55.61 percent of voting rights. Pursuant to current rules, the public tender offer will be reopened on identical terms, EUR 8 a share, for a subsequent offering period of at least ten stock market days.
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