Mediaset, Vivendi, buy it to sit at the negotiating table – The Republic

MILAN does Not stop the fight in rounds of actions between Mediaset and Vivendi. After a week of purchases on the Stock exchange, the protagonists go through to the words. “Fininvest and Mediaset have made us the cause for having broken the agreement on the Premium. But we pulled back because we discovered that it has signed an agreement different from what we had been told. We tried to find an alternative arrangement. Instead we have offended and abused publicly. We are not masochists. We have reacted to overcome the impasse,” said Arnaud de Puyfontaine, chief executive of Vivendi, in an interview to ‘Corriere della Sera’.

“The 20% makes us the second member with a voice in the chapter to find a good result on Premium – continues the manager – The ultimate goal is to arrive at a’ covenant to create a media company of european dimensions in the world, with an approach to Latin and content of great quality, able to compete with giants like Amazon Prime and Netflix. We have an interest in the long term, we want to be industrial partners. It is a project that we believe in very much.”

As for the possibility that Vivendi will launch a public tender offer for the ceo responds “I Cannot comment” and the amount of money spent for the 20% of Mediaset said: “we will let you know soon officially to the authorities, it is about 800 million euros”. In reference to the meetings of yesterday on the matter Mediaset de Puyfontaine says she has seen the minister of Development Carlo Calenda, in which “I expressed our strategic vision” and Pier Silvio Berlusconi.

At the time, after the descent in the field of the government and the Nra, Fininvest, he is silent, and on the front operating not going to waste resources on operations noise, however, very expensive, but of reinforcing the control of the group television. The hypothesis is that the acquisition of treasury shares on the part of Mediaset, which already has a mandate from the general assembly, but the problem is legal, as the operation may be considered as a ‘concert’ with the 5% already purchased in the year by Fininvest, and then trigger the obligation of the Opa, which does not want any.

Topics:

Mediaset

fininvest

Vivendi

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