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)