Vivendi may take further legal action against Mediaset in pan European merger

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 34 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 66%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

French media group Vivendi may take further legal action against Italy's Mediaset if it continues with a plan to merge its Italian and Spanish ...

French media group Vivendi may take further legal action against Italy's Mediaset if it continues with a plan to merge its Italian and Spanish units, Vivendi's representative in Mediaset Espana Vincent Vallejo said on Wednesday.

Controlled by the family of former Italian prime minister Silvio Berlusconi, Mediaset approved a merger of its Italian and Spanish units under a Dutch holding company called MediaforEurope last September.But Vivendi, led by French billionaire Vincent Bollore and a major shareholder in Mediaset, is fighting the project in courts across Europe, saying the governance structure of the new entity would strengthen the Berlusconis' grip on the company.

On Monday, a Milan judge rejected Vivendi's request to suspend the planned reorganisation at Mediaset, but the process remains on hold because a Spanish judge last year ruled in favour of Vivendi.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in CA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

American Revolut-ion: European banking apps face crowded US marketNEW YORK: When London-based Revolut opens its virtual doors in America this year, it will be the latest European digital bank to challenge ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »