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| Name | Symbol | Market | Type |
|---|---|---|---|
| Vivendi SE (PK) | USOTC:VIVHY | OTCMarkets | Depository Receipt |
| Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 12.00 | 11.96 | 11.99 | 10 | 15:06:35 |
From Jul 2019 to Jul 2024
By Deborah Ball
MILAN--Italian broadcaster Mediaset SpA (MS.MI) said Tuesday that French media group Vivendi SA (VIV.FR) no longer wishes to acquire all of its pay-TV unit, reversing a decision from April.
Mediaset, which is controlled by the family of former Italian premier Silvio Berlusconi, said that Vivendi sent Mediaset a letter Monday stating that it was no longer interested in taking 100% of Mediaset Premium.
Instead, it is proposing to acquire only 20% of the unit, plus an additional 15% in three years.
Mediaset said that the Vivendi letter "comes absolutely out of the blue" and is in "clear contradiction" with the April agreement.
Write to Deborah Ball at deborah.ball@wsj.com
(END) Dow Jones Newswires
July 26, 2016 03:54 ET (07:54 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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