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France's Vivendi seeks meeting with Mediaset to discuss ending legal row: sources

Published 08/11/2020, 08:36 AM
Updated 08/11/2020, 08:40 AM
© Reuters. FILE PHOTO: Mediaset tower is seen in neighbourhood Milan
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MILAN (Reuters) - French media group Vivendi (PA:VIV) has asked to meet top executives at Mediaset (MI:MS) to start talks over a possible deal to end a long-running row with the Italian broadcaster, three sources with knowledge of the matter said on Tuesday.

Over the last four years Mediaset - controlled by the family of former Prime Minister Silvio Berlusconi - and the French media group have been embroiled in a legal battle which stemmed from a failed pay-TV sale.

The row intensified last year when Mediaset approved a plan to merge its Italian and Spanish (MC:TL5) businesses under a Dutch holding company, through which it wants to build pan-European alliances.

But opposition from Vivendi, which says the holding's governance structure would strengthen the Berlusconis' grip over the group, led to the project being suspended by a Madrid court.

Mediaset declined to comment. Vivendi was not immediately available to comment.

© Reuters. FILE PHOTO: Mediaset tower is seen in neighbourhood Milan

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