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

MEDIASET

(MS)
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Mediaset : Vivendi holds onto Mediaset stake as withdrawal right deadline expires - sources

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09/23/2019 | 04:05am EDT
FILE PHOTO: The Mediaset tower is seen in Cologno Monzese neighbourhood Milan

MILAN (Reuters) - Vivendi has decided not to exercise withdrawal rights over its Mediaset as a deadline to liquidate the stake in the Italian broadcaster expired at the weekend, two sources close to the matter said on Monday.

The French media group had until midnight on Saturday to sell its 29% stake back to Mediaset, following the approval of a corporate overhaul that will see Italy's top commercial broadcaster merge it domestic and Spanish businesses under a Dutch holding company.

Sources familiar with the matter told Reuters on Sunday Vivendi had decided to fight the corporate revamp in court, broadening its legal spat with Mediaset beyond Italy, rather than head for the door.

(Reporting by Elvira Pollina, editing by Valentina Za)

Stocks treated in this article : Vivendi, Mediaset
Stocks mentioned in the article
ChangeLast1st jan.
MEDIASET 1.32% 2.69 End-of-day quote.-3.24%
VIVENDI -1.97% 24.92 Real-time Quote.19.45%
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Financials (EUR)
Sales 2019 3 012 M
EBIT 2019 424 M
Net income 2019 240 M
Debt 2019 974 M
Yield 2019 4,12%
P/E ratio 2019 13,4x
P/E ratio 2020 11,3x
EV / Sales2019 1,34x
EV / Sales2020 1,27x
Capitalization 3 059 M
Chart MEDIASET
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Technical analysis trends MEDIASET
Short TermMid-TermLong Term
TrendsNeutralBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 18
Average target price 2,96  €
Last Close Price 2,69  €
Spread / Highest target 149%
Spread / Average Target 9,95%
Spread / Lowest Target -36,8%
EPS Revisions
Managers
NameTitle
Pier Silvio Berlusconi Deputy Chairman & Chief Executive Officer
Fedele Confalonieri Chairman
Simone Sole Head-Finance & Administration
Marco Giordani Chief Financial Officer & Director
Marina Berlusconi Non-Executive Director
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