Mediaset and Vivendi fail to reach truce ahead of court hearing: sources

MILAN (Reuters) – Italy’s Mediaset (MI:) and France’s Vivendi (PA:) failed to reach an out-of-court agreement to end years of legal disputes ahead of a court hearing scheduled on Friday, two sources close to the matter said.

A Milan court gave the two parties until Friday to attempt to reach a compromise over disputed governance issues after Vivendi challenged a plan by Mediaset to set up a Dutch holding company to pursue expansion in Europe.

One of the two sources said the companies could ask a judge in Milan to give them extra time to discuss conditions for a possible truce.

A Mediaset source previously said the broadcaster would hold a board meeting on Friday ahead of the hearing to agree to amend in part the by-laws of the Dutch holding in accordance with indications previously received from the court.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.