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Vivendi ready to sell 20% of Mediaset at €3.25/share - Bloomberg

Nov. 21, 2019 1:14 PM ETVIVHY, MDIUYBy: Jason Aycock, SA News Editor
  • Vivendi (VIVHY +0.1%) is ready to sell the 20% of Mediaset (MDIUY +4.4%) held in the Simon Fiduciaria trust, Bloomberg reports, at €3.25/share.
  • That would come as a gesture of goodwill in the contentious relationship, a source tells the news service.
  • Mediaset recently reportedly offered €2.77/share vs. a Vivendi counter of €3.70/share.
  • Vivendi would keep the rest of its stake in the company after such a sale, about 8.8%.

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