BREAKING NEWS

BREAKING NEWS

No deal imminent in Vivendi pay-TV dispute - Mediaset CFO to Reuters

Now Reading:

No deal imminent in Vivendi pay-TV dispute - Mediaset CFO to Reuters

Text size Aa Aa

MILAN (Reuters) – A possible accord between Italian broadcaster Mediaset <MS.MI> and French media group Vivendi <VIV.PA> to settle their dispute over a soured pay-TV deal is not imminent, Mediaset’s chief financial officer told Reuters on Friday. The two companies have been at loggerheads since Vivendi backtracked last year on a deal to buy Mediaset’s pay-TV unit Premium. “There is nothing yet and the negotiations are pretty lukewarm,” Marco Giordani told Reuters. “The lawyers are talking but nothing arrived at board level yet.” Asked whether a deal could be struck by Dec. 19, when a court hearing is scheduled on the matter, Giordani said he did not know, but reiterated nothing “was getting warm”. Shares in Mediaset rose more than 7 percent earlier on Friday after a media report suggested the two companies were nearing a deal. The stock was up 4.6 percent by 1121 GMT.

(Reporting by Giancarlo Navach, writing by Agnieszka Flak)
euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on euronews.com for a limited time.