Mediaset Reiterates Availability to Negotiate With Vivendi
August 12 2020 - 1:35PM
Dow Jones News
By Giulia Petroni
Mediaset SpA on Wednesday reiterated that it is available to
come to the negotiating table with French media group Vivendi SA
after a Spanish court suspended Mediaset's plan to create a
pan-European media holding company.
The Italian broadcaster said it would be ready to examine
concrete proposals in the interest of its shareholders, but not
without renouncing claims for damages due to the stall to its
merger plan.
The company said that, until now, the only proposal presented by
Vivendi has been to mutually withdraw all pending legal suits
without penalties.
Earlier this month, a Madrid court accepted a request filed by
the French group to suspend Mediaset's planned merger of its
Italian and Spanish operations. The merger would create a holding
company called MediaForEurope.
Write to Giulia Petroni at giulia.petroni@wsj.com
(END) Dow Jones Newswires
August 12, 2020 13:20 ET (17:20 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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