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Canada vivendi and mediaset bury the ax of war

10:05  04 may  2021
10:05  04 may  2021 Source:   pressfrom.com

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Mediaset and its second-largest investor, Vivendi , on Monday ended years of legal sparring with an accord under which the French group will drastically cut its stake in the Italian broadcaster. A collapsed pay-TV deal back in 2016 plunged the two media companies into a bitter war waged in courts Mediaset , its top investor Fininvest and Vivendi said in a joint statement the French group would vote in favor of the move at a June 23 shareholder meeting. Before that, Vivendi will also back the axing of a loyalty share scheme that would have strengthened Fininvest's grip on the broadcaster and which

Mediaset and its second-largest shareholder Vivendi have been locked in a years-long legal battle following a collapsed pay-TV deal. It was not immediately possible to reach Vivendi and Mediaset for comment. (Reporting by Elvira Pollina, writing by Valentina Za Reuters, the news and media division of Thomson Reuters, is the world’s largest international multimedia news provider reaching more than one billion people every day. Reuters provides trusted business, financial, national, and international news to professionals via Thomson Reuters desktops, the world's media organizations

Vivendi et Mediaset enterrent la hache de guerre © sopa pictures / getty pictures vivendi and mediaset bundle the ax of war The French group, mother house of Canal +, and the Italian announced being "reached a global agreement putting End to their disputes by renouncing any dispute and complaints between them ".

The ax of war seems to be buried between Vivendi and Mediaset announced both groups Monday, May 3. This agreement puts an end to their disputes, where they give up "any dispute and complaints between them", details a joint press release with also the holding of the Berlusconi family, Fininvest. The group of Silvio Berlusconi and that of Vincent Bolloré had been opposed since a failed alliance in 2016. The two groups had then been allied to launch a platform of content likely to compete with the American Netflix, via the purchase by the French group 100% of the bouquet of paid television channels Mediaset Premium.

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MILAN (Reuters) - Mediaset and its second-largest investor, Vivendi , on Monday ended years of legal sparring with an accord under which the French group will drastically cut its stake in the Italian broadcaster. A collapsed pay-TV deal back in 2016 plunged the two media companies into a bitter war waged in Before that, Vivendi will also back the axing of a loyalty share scheme that would have strengthened Fininvest’s grip on the broadcaster and which Mediaset last week had offered to ditch in a sign of goodwill. “ Vivendi and Mediaset have entered a good neighbourhood agreement in free-to-air

MILAN, May 3 (Reuters) - Mediaset and its second-largest investor Vivendi could sign an agreement as soon as Monday to end years of legal sparring, three sources familiar with the matter told Reuters. The two media companies have been at loggerheads since 2016, when Vivendi walked away from a pay-TV deal and then built a 29% stake in Mediaset , which the Milanese group considers hostile. The three sources said the parties were finalising the details of a possible accord which was likely to be signed in the coming hours, barring any surprises.

But Vivendi had quickly denounced this agreement, considering having been deceived on the true value of Mediaset Premium. He had embarked on the stride in a flash raid to acquire 28.8% mediaset, judged "hostile" by the Berlusconi family. Mediaset and its main Shareholder Fininvest then assigned to justice in June 2017, claiming 3 billion euros of damages.

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Vivendi Since the Italian and European justice has been trying to decide the dispute, Vivendi having pocketed a victory in September 2020 in front of the European justice, but having been sentenced in April by a Milan court to pay 1.7 million euros of damages in Mediaset. According to the compromise announced Monday evening, Vivendi, the second shareholder of Mediaset, is committed to selling the entire 19.19% of the capital of Mediaset frozen by Simon Fiduciaria at a five-year horizon, and will remain shareholder of the Italian media group. up to 4.61%.

The Agreement provides that Vivendi will vote in favor of transferring the MediaSet headquarters to the Netherlands. The two European audiovisual giants also concluded agreements from "good neighborhood" in free television for a period of 5 years. Dailymotion, a subsidiary of Vivendi, has finally committed to pay 26.3 million euros to terminate a copyright dispute with RTI and Medusa, Mediaset subsidiaries.

Ted Morton: Canada may win the Line 5 battle, but we're still losing the war .
The Enbridge Line 5 pipeline confrontation is political theatre at its best and worst. But this doesn’t mean it’s inconsequential. There is virtually zero chance that the Governor of Michigan can unilaterally close down an existing pipeline that crosses both state and international boundaries. This type of issue is way outside any one state’s jurisdiction. But this doesn’t mean that Canada will have won. We may win this battle, but we are still losing the war to Blockadia — the well-organized, well-financed crusade to block oil pipelines out of Canada, and, by extension, to shut down the Canadian oilsands.

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This is interesting!