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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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Digital music firm Believe sets IPO range at 19.50-22.50 euros/share

Digital music company Believe, which scouts out singers and helps them to launch online, on Tuesday said it had set the price range for its initial public offering (IPO) in Paris at 19.50 to 22.50 euros per share.

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Remote Eurovision superfans celebrate contest despite COVID


3 Min Read
LONDON (Reuters) - Peter Baston has attended eight out of the last 10 Eurovision song contests in person. This year, coronavirus restrictions will prevent the Malmo resident from travelling to host city Rotterdam but that does not mean he can’t join the celebrations.
FILE PHOTO: Presenters Edsilia Rombley, Chantal Janzen, Jan Smit and Nikkie de Jager are seen on the stage during the second semi-final of the 2021 Eurovision Song Contest in Rotterdam, Netherlands, May 20, 2021. REUTERS/Piroschka van de Wouw/File Photo
“We’ve really missed it since Tel Aviv so everybody’s doubly excited this year that the contest can actually be held at all in any form,” Baston, who is in his 70s, told Reuters.

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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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Downtown Music sells a catalog of 145,000 songs to Concord for $400 million, sources say

New York-based Downtown Music Holdings is selling a 145,000-song catalog to music rights company Concord Music for about $400 million, two sources close to the matter said on Tuesday.

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