The European Court of Justice Judgment Rules Fully in Favor of Vivendi
September 03 2020 - 11:06AM
Dow Jones News
Regulatory News:
Vivendi (Paris:VIV) welcomes with great satisfaction the
judgment pronounced today by the Court of Justice of the European
Union and is delighted that the highest European legal authority
today has ruled fully in its favor.
Vivendi has always acted in strict compliance with Italian law
and was forced to defend its interests in court after Mediaset
referred to the AGCom, in the sole desire to prevent Vivendi from
participating in its Shareholders Meetings.
Mediaset, having thus unfairly called upon the Italian
authorities, has used this obstruction to try and move its
headquarters to the Netherlands, a plan blocked by both the Spanish
and Dutch courts.
Being prohibited from voting on several occasions at Mediaset
Shareholders Meetings caused the resolutions adopted following this
exclusion to be illegal. This has placed Mediaset in a situation of
severe legal uncertainty.
Vivendi renews its commitment towards Italy and confirms its
willingness to be a long-term investor in this beautiful
country.
About Vivendi
Since 2014, Vivendi has been focused on building a world-class
content, media and communications group with European roots. In
content creation, Vivendi owns powerful, complementary assets in
music (Universal Music Group), movies and series (Canal+ Group),
publishing (Editis) and video games (Gameloft) which are the most
popular forms of entertainment content in the world today. In the
distribution market, Vivendi has acquired the Dailymotion platform
and repositioned it to create a new digital showcase for its
content. The Group has also joined forces with several telecom
operators and platforms to maximize the reach of its distribution
networks. In communications, through Havas. the Group possesses
unique creative expertise in promoting free content and producing
short formats, which are increasingly viewed on mobile devices. In
addition, through Vivendi Village, the Group explores new forms of
business in live entertainment, franchises and ticketing that are
complementary to its core activities. Vivendi's various businesses
cohesively work together as an integrated industrial group to
create greater value. www.vivendi.com
View source version on businesswire.com:
https://www.businesswire.com/news/home/20200903005615/en/
CONTACT:
Vivendi
SOURCE: Vivendi
Copyright Business Wire 2020
(END) Dow Jones Newswires
September 03, 2020 10:51 ET (14:51 GMT)
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