PARIS--(BUSINESS WIRE)--Regulatory News:
Vivendi (Paris:VIV), following the decision by the Mediaset Board of Directors to refuse to allow it to vote at its latest Shareholders’ Meeting on April 18, 2019, announces that it has filed a request with the Court of Milan to issue an urgent order aimed at preserving its right to both attend Mediaset’s extraordinary shareholders meeting (EGM) on September 4, 2019, and vote with its Mediaset shares (equal to 9.99% of the voting rights).
During the meeting, Vivendi intends to vote against the proposed merger of Mediaset into Media for Europe NV (MFE). This is because the Group has assessed the rights, or lack of them, that minority shareholders and particularly Vivendi would have under the proposed MFE bylaws.
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