Deals
Italy Court Gives Vivendi a Window to Challenge Mediaset Merger
- Mediaset wants to combine its Italian and Spanish businesses
- Vivendi will still struggle to overturn the tie-up next week
The Vivendi logo is displayed on a smartphone.
Photographer: Rafael Henrique/SOPA Images/LightRocket via Getty Images
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Vivendi SA got an opportunity to challenge a merger of Mediaset SpA’s Italian and Spanish businesses after a Milan court allowed it to vote on the plan.
Vivendi, Mediaset’s second-biggest shareholder, opposes the project to combine the businesses into a Dutch holding company known as Media for Europe, and Mediaset’s board had sought to exclude Vivendi from the vote at an investor meeting on Wednesday.