MILAN (Reuters) – French media group Vivendi (VIV.PA) has asked to meet top executives at Mediaset (MS.MI) to start talks over a possible deal to end a long-running row with the Italian broadcaster, three sources with knowledge of the matter said on Tuesday.

Over the last four years Mediaset – controlled by the family of former Prime Minister Silvio Berlusconi – and the French media group have been embroiled in a legal battle which stemmed from a failed pay-TV sale.

The row intensified last year when Mediaset approved a plan to merge its Italian and Spanish (TL5.MC) businesses under a Dutch holding company, through which it wants to build pan-European alliances.

But opposition from Vivendi, which says the holding’s governance structure would strengthen the Berlusconis’ grip over the group, led to the project being suspended by a Madrid court.

Mediaset declined to comment. Vivendi was not immediately available to comment.

Reporting by Elvira Pollina, editing by Giulia Segreti

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Lowe’s will deliver your Christmas tree for free

New York (CNN Business)Lowe’s is offering free Christmas tree delivery for the first time as home-bound Americans start the holidays earlier than usual. Beginning October 30, customers can order fresh-cut trees and wreaths online and have them delivered within two…

James Moore The first Covid-19 walkout is coming. And the law is on workers’ side

Section 44 of the 1996 Employment Rights Act is a small piece of employment law that could soon become very big news. It hands an employee the right to walk out of their workplace in circumstances in which they reasonably believe themselves…

TCM services available on WeDoctor’s platform

As early as Feb 14, when COVID-19 was not spreading on a global scale, He Jialang, who was in Rome, Italy, already realized that time is life when it comes to epidemic prevention and control. As a vice-president of the…

Cannabis stocks soar, Big Tech sinks following Georgia elections

New York (CNN Business)The “blue wave” that many expected in November appears to have crested two months later. Now, investors are trying to figure out how to best position their portfolios given the increased likelihood that Democrats will win control…