A deal which will see Vivendi SA, the French digital entertainment conglomerate, build its stake in Italian broadcaster Mediaset SpA to reach nearly 30% as it approaches a full bid for the TV group, will not be blocked by the Italian government, it has been revealed.
The French group took out a surprise 3% stake in the Italian mass media company, founded by the former Italian prime minister Silvio Berlusconi, on 12 December. It has since built its stake in the business to 28.8%, nearing the 30% mark at which time a full bid for the broadcaster Read full story ›
Source: The Drum
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