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    VIV   FR0000127771

VIVENDI SE

(VIV)
  Report
Real-time Quote. Real-time Euronext Paris - 05/07 11:36:07 am
29.82 EUR   +0.54%
05/04Global markets live: Verizon, Pandora, HelloFresh...
05/04VIVENDI SA  : JP Morgan reiterates its Buy rating
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05/04VIVENDI SA  : Goldman Sachs remains its Buy rating
MD
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SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Vivendi, Mediaset Put an End to Yearslong Dispute

05/04/2021 | 12:41am EDT

By Mauro Orru

French media giant Vivendi SE and Italian broadcaster Mediaset SpA have reached an agreement to settle what has been nearly five years of legal battles and fierce rhetoric.

The two companies said in a joint statement late Monday that they have agreed to waive all litigation and claims between them, with Vivendi set to vote in favor of several resolutions at Mediaset's annual general meeting and reduce its overall stake in Mediaset.

Vivendi and Mediaset, which is controlled by the family of former Italian Prime Minister Silvio Berlusconi, have been at loggerheads since 2016, when Vivendi backed out of a deal to acquire Mediaset's pay-TV unit Mediaset Premium, triggering a series of legal battles.

The French conglomerate controlled by billionaire Vincent Bollore ramped up its stake in Mediaset to the 28.8% it currently owns, a move which Mediaset considered hostile and sought to reverse.

In 2017, a decision from the Italian communication authority, Agcom, forced Vivendi to transfer a 19.19% stake in Mediaset to asset trust Simon Fiduciaria SpA to comply with legislation on the protection of media pluralism in Italy.

Under the latest deal, Vivendi agreed to sell the 19.19% stake held through Simon Fiduciaria over a five-year period.

Mediaset's majority shareholder Fininvest SpA, the holding company controlled by the family of Mr. Berlusconi, will buy a 5% Mediaset stake held directly by Vivendi, with the French company remaining a shareholder with a 4.61% stake, which it can retain or sell at any time and any price.

Write to Mauro Orru at mauro.orru@wsj.com; @MauroOrru94

(END) Dow Jones Newswires

05-04-21 0241ET

Stocks mentioned in the article
ChangeLast1st jan.
MEDIASET S.P.A. -1.15% 2.752 Delayed Quote.31.93%
VIVENDI SE 0.54% 29.82 Real-time Quote.13.04%
All news about VIVENDI SE
05/04Global markets live: Verizon, Pandora, HelloFresh...
05/04VIVENDI SA  : JP Morgan reiterates its Buy rating
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05/04VIVENDI SA  : Goldman Sachs remains its Buy rating
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05/04Mediaset sets sights on European expansion after Vivendi truce
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05/04Vivendi, Mediaset Put an End to Yearslong Dispute
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05/03VIVENDI  : Mediaset Agree to Settle Five-Year Legal Battle Over Failed Pay-TV De..
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05/03Mediaset, Vivendi sign deal to end years-long legal war
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05/03VIVENDI  : Fininvest and Mediaset put an end to their disputes
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05/03Vivendi and Mediaset announce deal to end legal battle
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05/03Mediaset and its top investor fininvest have signed accord with vivendi to en..
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More news
Financials
Sales 2021 17 025 M 20 706 M 20 706 M
Net income 2021 1 336 M 1 624 M 1 624 M
Net Debt 2021 3 093 M 3 762 M 3 762 M
P/E ratio 2021 25,3x
Yield 2021 2,12%
Capitalization 32 357 M 39 325 M 39 352 M
EV / Sales 2021 2,08x
EV / Sales 2022 1,93x
Nbr of Employees 42 800
Free-Float 66,3%
Chart VIVENDI SE
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Vivendi SE Technical Analysis Chart | MarketScreener
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Technical analysis trends VIVENDI SE
Short TermMid-TermLong Term
TrendsBullishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 22
Average target price 33,53 €
Last Close Price 29,82 €
Spread / Highest target 44,2%
Spread / Average Target 12,4%
Spread / Lowest Target -7,78%
EPS Revisions
Managers and Directors
NameTitle
Arnaud Roy de Puyfontaine Chairman-Management Board & CEO
Hervé Philippe Chief Financial Officer & Member-Management Board
Yannick Bolloré Chairman-Supervisory Board
Stéphane Roussel Chief Operating Officer & Member-Management Board
Caroline Le Masne de Chermont Head-Legal Affairs, Senior VP-CSR & Compliance
Sector and Competitors
1st jan.Capitalization (M$)
VIVENDI SE13.04%39 325
WARNER MUSIC GROUP CORP.-3.58%18 842
BOLLORÉ SE25.96%15 174
DOLBY LABORATORIES, INC.-0.50%9 820
BEIJING ENLIGHT MEDIA CO., LTD.0.25%5 518
SHANGHAI ORIENTAL PEARL GROUP CO., LTD.-0.78%4 660