It is too early to announce peace, but Mediaset and Vivendi have resumed talking to try to reach an agreement within the year that will put an end to months of white-hot clashes after the breakup over the failure to switch from the Biscione to the French pay-TV Premium.
For Vivendi at the negotiating table, according to Il Sole 24 Ore, sits – together with a couple of law firms – the head of the legal service of the Frederic Crepin group, who is also a director of Telecom Italia, of which the French are the first shareholders. For Mediaset, however, the negotiations are conducted by the business lawyer Sergio Erede.
There are two objectives in the negotiations: an orderly descent of Vivendi into the capital of Mediaset within the ceiling of 10% and the expansion of the joint venture between Tim and Canal Plus also to Mediaset.
Whether it will be an agreement or not, the last word will obviously rest with the big bosses of the two groups: Vincent Bollorè for the French and Silvio Berlusconi for the Biscione, but Agcom's green light will also be needed.
SECURITY UPDATE TRAINING
In the wake of this news, Mediaset's share on the Stock Exchange jumped at the opening by 3,9%, to 3,016 euros, signaling itself as the best on the Ftse Mib.
