An Italian court ruled in favour of a petition filed by French media giant Viven...
) reorganisation plan, the two companies said on Saturday, though the decision will not be enough to scupper the deal.
Vivendi has been a hostile Mediaset shareholder since the tycoons who control them, Vincent Bollore and former Italian prime minister Silvio Berlusconi, fell out in 2016 over an aborted pay TV deal. They have been in a legal war ever since. It added that the ruling explicitly barred Simon Fiduciaria to take part to Mediaset’s Sept. 4 meeting, where its shareholders will be asked to approve the creation of a new Dutch holding company, dubbed Media for Europe , which will carry out a reverse takeover of Mediaset and Mediaset Espana .
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