The agreement, described as a “partial derogation from what was originally agreed on May 3, 2021,” will see Vivendi vote in favour of Mediaset’s proposals at the company’s shareholders’ meeting on November 25. The French group will sell one-fifth of the ordinary shares A and the ordinary shares B each year at a minimum price of €1.375 in year 1, €1.40 in year 2, €1.45 in year 3, €1.5 in year 4, and €1.55 in year 5. In a statement, Vivendi said it would sell off its stake in Mediaset held through Simon Fiduciaria. However, with a peace pact now in place, Berlusconi’s Mediaset has now moved its legal HQ to the Netherlands and the potential of a pan-Europe operator is back on the cards. Later the dispute centred on Mediaset’s plans to merge with Mediaset España and create a new Dutch-registered international media company, plans that were frustrated by Vivendi’s intervention.
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Vivendi and Mediaset ended a five-year period of hostilities in May, with the disagreement originally beginning when the French media giant unilaterally pulled out of a deal to acquire the Italian company’s pay TV arm.įollowing its withdrawal from the agreement to buy Mediaset Premium in 2016, Vivendi acquired a large stake in the Italian outfit, leading to accusations of market manipulation on the part of Mediaset and actions in the courts and with regulators to overturn the acquisition. The second step is to view video content ( without login is possible to view only a demo-content ). My difficulties is to decode JSON to a python object for build the menu list in my addon. The companies, however, shut down any speculation over further disagreement by announcing that they would amend the agreement struck earlier this year to take account of the proposed changes to Mediaset’s share structure. Now, the raiclick addon parse a html of the website when premium nettv use a web frontend using JSON for the content. The structure will give each B share a value worth 10 times an A share, with a 10-to-one ratio for voting rights. The companies, which have been sparring for years, announced a truce in July but this was thrown into doubt last month when Mediaset proposed a dual class share structure to further its M&A plans. Vivendi Chief Executive Arnaud de Puyfontaine, in an interview with Italian financial daily Sole 24 Ore on Friday, said Vivendi’s plan was to build a Latin media group with key partners in the telecoms sector.Vivendi has agreed to vote in favour of Mediaset’s plans to introduce a dual class share structure, paving the way for the Silvio Berlusconi company to expand across Europe. Pier Silvio Berlusconi said the accord was not a prelude to his family exiting its media businesses, which includes publishing house Mondadori MOED.MI.
The deal envisages a three-year lock-up period, during which Vivendi will not be able to increase its stake in Mediaset beyond 5 percent. “Vivendi has been looking to increase its presence in the French TV advertising market and buying Mediaset would not only give it a presence in the Italian TV advertising market but also in Spain, given Mediaset’s majority stake in Mediaset Espana,” broker Liberum said in a note. The Italian company’s top management has worked to strike a deal quickly, before viewership drops off after the Champions League final in May, according to one industry analyst.Īnalysts said the deal could lead to Vivendi raising its stake in Mediaset further down the line to tighten its grip on the company’s free-to-air services. The Vivendi board had already given the green light to a deal with Mediaset some time ago, two sources said. “One of the main points of this deal is the creation of a new company which has the ambition of creating international content for distribution on all platforms,” Berlusconi’s son Pier Silvio, who is Mediaset’s CEO, told reporters. īollore has been accumulating strategic assets in Italy, including a 24.9 percent stake in Telecom Italia TLIT.MI, and Vivendi says it wants to make further investments in southern Europe, where pay-TV penetration is relatively low.
It also secures Italian tycoon and former prime minister Silvio Berlusconi, Mediaset's largest shareholder, as an important ally for Bollore as he develops his ambition to compete with Rupert Murdoch's Sky SKYB.L and video-streaming giant Netflix NFLX.O.
The share-based deal values Mediaset Premium at 800 million euros ($912 million), with the two companies taking a 3.5 percent stake in each other. The Vivendi logo is pictured at the main entrance of the entertainment-to-telecoms conglomerate headquarters in Paris, March 10, 2016.