PARIS--(BUSINESS WIRE)--Regulatory News:
The following is a statement from Vivendi:
Vivendi (Paris:VIV) condemns today’s decision by the Mediaset Board of Directors to refuse to allow Vivendi to vote at its Shareholders’ Meeting.
Neither the agreement of April 8, 2016 under dispute nor the AGCom decision of April 2017 or any other applicable law prevent Vivendi from voting.
The decision of the Mediaset Board is against all basic principles of shareholder democracy. It is both unlawful and against the interests of Mediaset and, in particular, of its minority shareholders.
Under these circumstances, Vivendi is not in a position to participate at the Mediaset Shareholders’ Meeting and reserves all its rights to challenge in court the validity of the resolutions adopted today.
Since 2014, Vivendi has been focused on building a world-class content, media and communications group with European roots. In content creation, Vivendi owns powerful, complementary assets in music (Universal Music Group), movies and series (Canal+ Group), publishing (Editis) and mobile games (Gameloft) which are the most popular forms of entertainment content in the world today. In the distribution market, Vivendi has acquired the Dailymotion platform and repositioned it to create a new digital showcase for its content. The Group has also joined forces with several telecom operators and platforms to maximize the reach of its distribution networks. In communications, through Havas. the Group possesses unique creative expertise in promoting free content and producing short formats, which are increasingly viewed on mobile devices. In addition, through Vivendi Village, the Group explores new forms of business in live entertainment, franchises and ticketing that are complementary to its core activities. Vivendi’s various businesses cohesively work together as an integrated industrial group to create greater value. www.vivendi.com