Italy's biggest commercial broadcaster Mediaset has called a shareholder me...
). But French media group Vivendi, led by billionaire Vincent Bollore, opposes the plan saying the governance structure of the new entity would strengthen Berlusconi’s grip on the company.
To increase the chances the Milan judge will rule in its favor, Mediaset called an extraordinary shareholder meeting for Jan. 10 to approve changes to the bylaws of MFE suggested by the court. Vivendi and Mediaset have been at odds since the French conglomerate withdrew from a deal to buy Mediaset’s pay-TV unit and then built up a 29% stake in the group, which the Italian broadcaster considers hostile.
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