Italian Mediaset appeals to the verdict that freed Vivendi’s right to vote: sources

MILAN (Reuters) – Mediaset has filed an appeal against a court ruling that lifted restrictions on French media giant Vivendi’s participation in the Italian broadcaster, two legal sources said Friday.

Last month an Italian administrative court removed regulatory limits that limited Vivendi’s voting stake in Mediaset to 10%, potentially returning voting rights to the French group on its full 29% stake.

This could give Vivendi the power to block any extraordinary resolutions at Mediaset’s shareholders’ meetings and help it get some representatives on the board of the Italian company, controlled by former prime minister Silvio Berlusconi.

The two groups have been engaged in a legal battle since 2016 when Vivendi abandoned an agreement to purchase Mediaset’s pay-TV and built a stake that Mediaset considers hostile.

Mediaset declined to comment. Vivendi was not immediately reached for comment.

Reportage by Elvira Pollina, editing by Valentina Za and Susan Fenton