Vivendi, Mediaset accusation: he cheated on the figures – The Republic

MILAN – We were cheated. This basically tells the press that the Board of Vivendi issued the interrupted negotiations with Mediaset. Words are only the most formal: “According to the audit conducted by Deloitte and our analysis on the accounts of Mediaset Premium, the figures provided before signing (the sale agreement) are unrealistic and posing on a base increased artificially” . And Vivendi, does not pay, also accuses Mediaset and Fininvest had “abruptly proceeded to launch media attacks that have damaged the interests and image of Vivendi” When there were ongoing contacts. In addition, he says more and Vivendi, the European Commission “in all cases” would not give the green light to the agreement between Mediaset and Vivendi before 30 September, so at that time “the contract would be revoked.”

Dry reply: “What has been declared” Vivendi “is removed from every legal and commercial basis,” it said in a statement released by Mediaset. “The data delivered by Mediaset” of premium “Vivendi over a month before the signing are true, realistic and compelling – adds the company of the snake – The contract concluded on April 8 is a preliminary, as they would have you believe the arguments improvised by Vivendi, but a definitive and irrevocable text signed by the managing director Arnaud De Puyfontaine. “

Meanwhile, in the day on Mediaset shares lost 2.4% after the jump in the last days, just waiting of Vivendi’s board of directors. As you recall, the Alfa Romeo has launched a tough tussle with the French after they step back on the agreement signed last April and which provided for the exchange of shares of 3.5% of the capital along with the passage of a premium under the transalpine insignia . Vivendi has, however, pulled back and proposed an alternative arrangement, worried after analyzing the accounts of the pay-TV and its future sustainability. A proposal sent back to you by Mediaset, which has sued asking to run the binding contract and damages for the delay; Legal action which was followed by that of the parent company Fininvest, for a battle to official documents for over 2 billion.

How reconstructs Republic on newsstands, the dialogue between the groups continued during the summer, but they are still premature to advance alternative solutions to the Berlusconi family. It seems, as also witnessed the rising market of this stage, is that squaring the circle will be found between the two groups, without the need to be the judges of the Court of Milan to put a full stop to the issue.

the architecture of the new solution should allow the two groups to not consolidate Premium, with its burden of losses. That’s why we try an international fund or a third party who takes the 20% of pay-TV, leaving 30% upside to Mediaset and Vivendi and Telefonica asking to remain a partner with the current 11%.

Topics:

Mediaset

Mediaset premium

Vivendi

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