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Bollore won't seek exemption of tender offer rules on Vivendi

French billionaire Vincent Bollore's family-owned group has pledged to media giant Vivendi that it will not request an exemption to file a tender offer on Vivendi's shares if it crosses the 30% threshold in capital ownership or voting rights, Vivendi said.

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Artisan fund joins opposition to Universal Music spin-off

U.S. investment fund Artisan Partners on Thursday joined another minority shareholder in French media group Vivendi in opposing its spin-off of Universal Music Group (UMG), decrying the transaction as unfavourable to some investors.

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Italy's Berlusconi family sells Mediobanca stake

By Reuters Staff
3 Min Read
MILAN (Reuters) - Former Italian Prime Minister Silvio Berlusconi’s family has sold its 2% stake in Mediobanca, in the latest change affecting the shareholder base of Italy’s top investment bank.
FILE PHOTO: A logo of Mediobanca is pictured at Mediobanca headquarters in Milan, Italy, November 12, 2019. REUTERS/Flavio Lo Scalzo/File Photo
The Berlusconi family’s holding company Fininvest said on Monday that the transaction, from which it pocketed 174 million euros ($211 million), was part of a readjustment of its financial investment portfolio.
The ownership of Mediobanca has been in flux since a core of long-term investors in the Milanese bank dissolved, paving the way for eyewear billionaire Leonardo Del Vecchio to emerge as its single biggest shareholder.

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UPDATE 2-Mediaset plans to move legal base to the Netherlands, drop loyalty share scheme

(Adds details on results)
MILAN, April 26 (Reuters) - Mediaset said on Monday it would ask shareholders to approve moving the Italian broadcaster’s legal headquarters to the Netherlands in a fresh effort to pursue international expansion.
Mediaset was previously forced to shelve plans to set up a Dutch holding company that would make it easier for the group to seek European tie-ups because of opposition from its second-biggest investor, Vivendi, which fought the project in courts across Europe.
In an apparent offer of an olive branch to Vivendi, Mediaset also said it would ask shareholders on May 27 to scrap a loyalty share scheme that Vivendi had challenged in court.

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Mediaset sets sights on European expansion after Vivendi truce

Italy's top commercial broadcaster Mediaset, controlled by the family of former Prime Minister Silvio Berlusconi, will press on with European expansion plans after agreeing a split with its second largest investor Vivendi.

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UPDATE 1-Mediaset shares hit 17-month high on hopes of Vivendi deal

By Reuters Staff
(Adds comments from sources, updates shares)
MILAN, April 29 (Reuters) - Vivendi and Mediaset are working on the terms of a possible deal to end their years-long legal war, two sources close to the matter said on Thursday, as shares in the Italian broadcaster hit a 17-month high on the prospect of a truce.
The two media companies have been at loggerheads since 2016, when Vivendi walked away from a pay-TV deal and then built a 29% stake in Mediaset, which the Milanese group considers hostile.
A settlement with Vivendi would help Mediaset to pursue a plan it unveiled on Monday to move its legal headquarters to the Netherlands making it easier to build alliances with peers across Europe.

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UPDATE 2-Mediaset plans to move legal base to the Netherlands, drop loyalty share scheme

(Adds details on results)
MILAN, April 26 (Reuters) - Mediaset said on Monday it would ask shareholders to approve moving the Italian broadcaster’s legal headquarters to the Netherlands in a fresh effort to pursue international expansion.
Mediaset was previously forced to shelve plans to set up a Dutch holding company that would make it easier for the group to seek European tie-ups because of opposition from its second-biggest investor, Vivendi, which fought the project in courts across Europe.
In an apparent offer of an olive branch to Vivendi, Mediaset also said it would ask shareholders on May 27 to scrap a loyalty share scheme that Vivendi had challenged in court.

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Vivendi shares rise after French media group's Q1 sales climb

By Reuters Staff
1 Min Read
PARIS, April 23 (Reuters) - Shares in Vivendi rose on Friday after the French media conglomerate, which is controlled by billionaire Vincent Bollore, posted higher first quarter sales.
Vivendi’s shares were up by 1.5% in early session trading, while the shares of Groupe Bollore also edged up 0.5%.
Vivendi’s sales were lifted by the prolonged strong performance of its music unit Universal (UMG) and a sales jump at its publishing division, which includes Editis.
The Paris-based group is also seeking to cash in on the music industry’s revival by listing Universal, home to singers such as Lady Gaga and Taylor Swift, by the end of the year.

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Breakingviews - Gaming weakness puts Ubisoft on M&A last life

Breakingviews
3 Min Read
The Ubisoft logo is shown at the E3 trade event in Los Angeles, California, U.S., June 11, 2019.
LONDON (Reuters Breakingviews) - In Ubisoft Entertainment’s “Assassin’s Creed”, players patiently stalk targets before stepping in for the kill. A similar fate may befall founder Yves Guillemot’s Gallic video-game publisher unless he can turn it around soon.
Stuck-at-home players mean gaming companies have generally had a good pandemic. Less so Ubisoft. Shares in the “Prince of Persia” publisher have languished over the past year, whereas rivals Electronic Arts and Activision Blizzard have risen 34% and 60% respectively. Longer-term performance is even worse: since Vivendi dropped a mooted takeover in 2018, Ubisoft’s market value has fallen by 5%, leaving shares valued at just over 8 times forward EBITDA including debt, well below those peers’ double-digit multiples.

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Italy govt to assess whether single network project still feasible: minister

3 Min Read
ROME (Reuters) - Italy will re-examine the previous government’s planned single broadband network project to ensure it is feasible, Industry Minister Giancarlo Giorgetti said, adding any decision in favour of the plan would be conditional on the asset falling under state control.
FILE PHOTO: Italy's Minister for Economic Development Giancarlo Giorgetti attends a debate at the Senate ahead of a confidence vote for the government, in Rome, Italy, February 17, 2021. Andrew Medichini/Pool via REUTERS
Giorgetti’s comments, during a parliamentary hearing on Wednesday, raised doubts over a long-delayed plan pursued by Italy under former Prime Minister Giuseppe Conte.

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