Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Italian Stock Exchange  >  Mediaset    MS   IT0001063210

MEDIASET

(MS)
  Report  
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsOfficial PublicationsSector newsAnalyst Recommendations

Mediaset : Vivendi denies plan to take over Italy's Mediaset

share with twitter share with LinkedIn share with facebook
share via e-mail
0
09/10/2019 | 01:46pm EDT
FILE PHOTO: A logo is seen over the main entrance of the entertainment-to-telecoms conglomerate Vivendi's headquarters in Paris

MILAN (Reuters) - Vivendi on Tuesday denied a media report that the French media group was planning to buy the Berlusconi family's controlling stake in Italian broadcaster Mediaset at a steep premium.

Italian website Lettera43 said Citigroup had approached former Prime Minister Silvio Berlusconi on behalf of Vivendi to offer to buy the family's 44% stake in Mediaset at more than 3.5 euros ($3.9) a share, well above Tuesday's closing price of 2.78 euros.

"Vivendi denies the L43 report," a spokesman said, adding speculation was only aimed at manipulating market prices. Citigroup declined to comment.

In a separate statement, the Berlusconi family's holding company Fininvest said it had never considered selling its stake in the country's top commercial broadcaster.

Fininvest said it continued to support Mediaset's plan to create a pan-European group by folding its Italian and Spanish businesses into a Dutch holding company.

Vivendi last week vowed to fight the corporate revamp in court after failing to block it at a shareholder meeting called for its approval.

With its 29% stake in Mediaset, which it built up after a failed pay-TV deal in 2016 locked the two groups into a legal battle, Vivendi could still create difficulties for the Italian firm.

The corporate overhaul is conditional on no more than 180 million euros being spent to mop up the shares of investors who head for the door - well below the value of Vivendi's stake.

Mediaset's share price on Tuesday fell below the price of 2.77 euros a share at which Vivendi can exercise its withdrawal rights.

Vivendi has not made clear whether it is prepared to sell its holding. Doing so would translate into a loss of around 320 million euros for the French group.

(Reporting by Elvira Pollina; Writing by Valentina Za; Editing by Jan Harvey)

Stocks mentioned in the article
ChangeLast1st jan.
MEDIASET 0.22% 2.78 End-of-day quote.1.09%
VIVENDI -0.52% 24.95 Real-time Quote.17.86%
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on MEDIASET
09/16MEDIASET S.P.A. : medium-long term loyalty and incentive pland
PU
09/10MEDIASET : Files complaint against vivendi declarations
PU
09/10MEDIASET : Vivendi denies plan to take over Italy's Mediaset
RE
09/06MEDIASET SPA : Registration and publication of the minutes of shareholders' meet..
PU
09/05MEDIASET : Vivendi continues to make false statements with the sole aim of under..
PU
09/05MEDIASET : Merger win for Mediaset after Vivendi dispute
AQ
09/04MEDIASET SPA : Vivendi is wrong. no risk to mediaset of serious disputes
PU
09/04Mediaset gets approval for pan-European plan, Vivendi to fight back
RE
09/04MEDIASET : Press release on the voted by mediaset in the role of promoter of pro..
PU
09/04MEDIASET : Board of directors approves the purchase of mediaset espana shares up..
PU
More news
Financials (EUR)
Sales 2019 3 033 M
EBIT 2019 441 M
Net income 2019 235 M
Debt 2019 861 M
Yield 2019 4,38%
P/E ratio 2019 13,7x
P/E ratio 2020 11,2x
EV / Sales2019 1,33x
EV / Sales2020 1,27x
Capitalization 3 161 M
Chart MEDIASET
Duration : Period :
Mediaset Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends MEDIASET
Short TermMid-TermLong Term
TrendsNeutralNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 17
Average target price 2,78  €
Last Close Price 2,78  €
Spread / Highest target 29,5%
Spread / Average Target -0,12%
Spread / Lowest Target -38,8%
EPS Revisions
Managers
NameTitle
Pier Silvio Berlusconi Vice Chairman & Chief Executive Officer
Fedele Confalonieri Chairman
Marco Giordani Chief Financial Officer & Director
Giuliano Adreani Director
Marina Berlusconi Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
MEDIASET1.09%3 477
WALT DISNEY COMPANY (THE)23.85%244 627
COMCAST CORPORATION35.89%210 296
CBS CORPORATION0.75%16 566
LIBERTY SIRIUS XM GROUP12.85%13 263
LIBERTY MEDIA FORMULA ONE34.22%9 614