Fuzzy logic

11 October 2017 By Lisa Jucca Follow @LJucca

Vivendi, chaired by Vincent Bolloré, wants to end a dispute with Silvio Berlusconi’s Mediaset. That may involve uniting the broadcaster’s TV unit with Telecom Italia, controlled by the French firm. The telco may end up with an unprofitable asset, with uncertain prospects.

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French media group Vivendi has offered to pay compensation to Italian broadcaster Mediaset to settle a legal dispute over Vivendi’s failed purchase of pay-TV unit Mediaset Premium, Reuters reported on Oct. 10 citing three sources close to the matter.

Vivendi would pay an initial tranche of 250 million euros ($295 million) to Mediaset, Reuters said. Mediaset may join a joint venture being set up between Vivendi’s own pay-TV arm Canal Plus and Italian phone group Telecom Italia, one of the sources said.

Mediaset and companies linked to it are suing Vivendi for damages of at least 3 billion euros, Vivendi said in its first half report.

Vivendi owns a 28.8 percent stake in Mediaset, making it the group’s second-largest shareholder after Silvio Berlusconi’s family. Vivendi also owns 23.9 percent of Telecom Italia.

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