Vivendi Owns 3.01% of Mediaset’s Share Capital
December 12 2016 - 2:12PM
Business Wire
Regulatory News:
Vivendi (Paris:VIV) announced on April 8, 2016 that it had
concluded a strategic and industrial partnership with Mediaset.
This partnership, with an international scope, included, on the one
hand, various initiatives in the joint production and distribution
of ambitious audiovisual content and, on the other hand, the
creation of a global over-the-top (OTT) television delivery
platform. As a first step, Vivendi was to acquire 3.5% of
Mediaset’s share capital and 100% of the share capital of the
Mediaset Premium pay-television company, in exchange for 3.5% of
Vivendi’s share capital.
The envisaged Mediaset Premium acquisition unfortunately led to
a lawsuit and Vivendi’s proposals aimed at finding an amicable
solution to the dispute were not agreed by Mediaset and its
shareholder Fininvest.
As Vivendi believes that the strategic interest of the
industrial partnership announced on April 8, 2016 supersedes the
stakes of the lawsuit, Vivendi announces that it has crossed today
the 3% threshold of the Mediaset share capital, and that it now
owns 3.01%.
Becoming a Mediaset shareholder is, for Vivendi, in line with
the Group’s intention to develop its activities in Southern Europe
and its strategic ambitions as a major international,
European-based, media and content group.
In accordance with applicable regulations, the Consob (the
Italian Securities authority) and Mediaset have both been informed
that this threshold has been crossed.
Vivendi intends to continue to acquire Mediaset shares depending
on market conditions, until possibly becoming Mediaset’s second
largest industrial shareholder, which, to begin with, could
represent between 10% and 20% of the Mediaset share capital.
Important Disclaimers
This press release contains information that may have
characterized, before becoming public, inside information as
defined by Article 7, par. 1, of the European Regulation 596/2014
regarding Vivendi’s acquisition of a participation in the capital
of Mediaset. It also contains forward-looking statements with
respect to the financial condition, results of operations,
business, strategy, plans and outlook of Vivendi. Although Vivendi
believes that such forward-looking statements are based on
reasonable assumptions, such statements are not guarantees of
future performance. Actual results may differ materially from the
forward-looking statements as a result of a number of risks and
uncertainties, many of which are outside our control, including but
not limited to the risks related to antitrust and other regulatory
approvals as well as any other approvals which may be required in
connection with certain transactions and the risks described in the
documents Vivendi filed with the Autorité des Marchés Financiers
(French securities regulator), which are also available in English
on Vivendi’s website (www.vivendi.com). Investors and security
holders may obtain a free copy of documents filed by Vivendi with
the Autorité des Marchés Financiers at www.amf-france.org, or
directly from Vivendi. Accordingly, we caution readers against
relying on such forward looking statements. These forward-looking
statements are made as of the date of this press release and
Vivendi disclaims any intention or obligation to provide, update or
revise any forward-looking statements, whether as a result of new
information, future events or otherwise.
Unsponsored ADRs. Vivendi does not sponsor an American
Depositary Receipt (ADR) facility in respect of its shares. Any ADR
facility currently in existence is “unsponsored” and has no ties
whatsoever to Vivendi. Vivendi disclaims any liability in respect
of any such facility.
About Vivendi
Vivendi is an integrated media and content group. The company
operates businesses throughout the media value chain, from talent
discovery to the creation, production and distribution of content.
The main subsidiaries of Vivendi comprise Canal+ Group and
Universal Music Group. Canal+ Group is the leading pay-TV operator
in France, and also serves markets in Africa, Poland and Vietnam.
Canal+ Group operations also include Studiocanal, a leading
European player in production, sales and distribution of film and
TV series. Universal Music Group is the world leader in recorded
music, music publishing and merchandising, with more than 50 labels
covering all genres. A separate division, Vivendi Village, brings
together Vivendi Ticketing (ticketing in the UK, the U.S and
France), MyBestPro (experts counseling), Watchever (subscription
video-on-demand), Radionomy (digital radio), Olympia Production,
the L’Olympia and the Theâtre de L‘Oeuvre venues in Paris and the
CanalOlympia venues in Africa. With 3.5 billion videos viewed each
month, Dailymotion is one of the biggest video content aggregation
and distribution platforms in the world. Gameloft is a worldwide
leading video games on mobile, with 2 million games downloaded per
day.
www.vivendi.com, www.cultureswithvivendi.com
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