- The first day in court between Mediaset (OTCPK:MDIUY) and French media giant Vivendi (OTCPK:VIVHY -0.7%) is set for March 21, Reuters reports.
- The two are in litigation over a deal gone sour that had Vivendi buying full control of Mediaset Premium, the Italian company's pay TV unit. Vivendi backed out of that April deal.
- Meanwhile, Vivendi says the binding share-swap agreement it signed in April could be void after Sept. 30.
- Observers think the two still could come to some kind of transaction if they can get together on price, though those chances may be shrinking as more legal rhetoric is inflamed.