mediaset spa (MDIEF) Key Developments
Mediaset To Reportedly Sell Its Mediaset Premium To Telecom Italia
Oct 10 14
Mediaset SpA (BIT:MS) may transfer its pay-TV R.T.I. - Reti Televisive Italiane S.p.A. to Telecom Italia S.p.A. (BIT:TIT) in exchange for an 8% stake in Telecom Italia, reported business daily Il Sole 24 Ore, quoting rumours circling in Rome. The report said that a true merger between the two groups is out of the scope as it would not only lack business sense but will also be incompatible with the current Italian legislation. Il Sole added that Mediaset, is getting ready to spin off the pay-TV business in a new company expected to become operational in December 2014, and the idea to transfer that new company into Telecom Italia would not be in conflict with Mediaset's strategies. Another idea may be Telecom Italia entering the new Mediaset Premium company. None of the ideas has reached the stage of a plan, nor contacts have been launched, Il Sole said.
Telecom Italia Chairman Says No Joint Project With Mediaset
Oct 10 14
Telecom Italia S.p.A. (BIT:TIT) Chairman Giuseppe Recchi said the group was not working on any joint project with Mediaset SpA (BIT:MS), rejecting a press report it could look at acquiring the broadcaster's pay-TV business. "We have no common project with Mediaset," Recchi said.
Vivendi Reportedly Eyes 11% Stake In Reti Televisive Italiane
Sep 9 14
Vivendi Société Anonyme (ENXTPA:VIV) is looking to acquire 11% stake in R.T.I. - Reti Televisive Italiane S.p.A. from Telefónica, S.A. (CATS:TEF), Bloomberg reported citing people familiar with the matter. Vivendi Société Anonyme could further increase its stake in R.T.I. - Reti Televisive Italiane S.p.A. controlled by Mediaset SpA (BIT:MS) and seek synergies with Telecom Italia S.p.A. (BIT:TIT). Telefónica, S.A. has the right to sell back its 11% stake in R.T.I. - Reti Televisive Italiane S.p.A. if it finds another partner for the business. Vivendi Société Anonyme declined to comment.
Mediaset SpA Presents at Goldman Sachs 23rd Annual Communacopia Conference, Sep-10-2014
Sep 8 14
Mediaset SpA Presents at Goldman Sachs 23rd Annual Communacopia Conference, Sep-10-2014 . Venue: Conrad New York: 102 North End Avenue, New York, NY 10281, United States.
CANAL + Reportdly Eyes Stake In R.T.I. - Reti Televisive Italiane
Aug 7 14
CANAL + SA, arm of Vivendi Société Anonyme (ENXTPA:VIV) is also in discussions to acquire majority stake in R.T.I. - Reti Televisive Italiane S.p.A., a unit of Mediaset SpA (BIT:MS), some of the sources said. The business could ultimately be merged into Telecom Italia S.p.A. (BIT:TIT), the sources said. Deutsche Bank is advising Vivendi on Mediaset Premium and Barclays is working Al Jazeera Media Network, one of the sources said. "The ultimate game is the merger between Mediaset and Telecom Italia," said one source. Mediobanca was advising Telecom Italia on the prospective tie-up, sources said. Bloomberg had reported that Telecom Italia was pursuing an alliance with Vivendi and could take a "significant" stake in it in exchange for GVT.