Under the terms of their proposed partnership, Vivendi, the parent company of French TV channel Canal+, was to have bought all of Mediaset's Premium pay-TV channel.īut Vivendi claimed it had been misled about the true value of Mediaset Premium and ripped up the deal, and instead snapped up a 28.8-percent stake in Mediaset in a move both the Italian government and the Berlusconi family deemed as hostile.Īs a result, Mediaset and Fininvest sued Vivendi for 3.0 billion euros in damages and interest in June 2017. "Vivendi, Fininvest and Mediaset are pleased to announce that they have come to a global agreement to put an end to their disputes by waiving all litigation and claims between them," the companies said in a joint statement late Monday. The feud had pitted two European heavyweights against each other: Mediaset is controlled by the family of Italy's flamboyant former prime minister Silvio Berlusconi and their financial holding Fininvest while Vivendi's billionaire chief is France's top corporate raider Vincent Bollore. ![]() French media conglomerate Vivendi and Italian rival Mediaset have agreed to bury the hatchet in their long-running legal battle over failed plans to set up Europe's answer to US streaming giant Netflix, the two groups said.
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