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Vivendi Said Open to Sell Telecom Italia to Pursue Mediaset

  • Sale of 24% stake would clear way for authorities’ green light
  • Bollore’s main goal is creating a European media power
Updated on

Vivendi SA is open to selling its 24 percent stake in Telecom Italia SpA to facilitate its plan to form a European media champion that would include Italy’s Mediaset SpA, according to people familiar with the matter.

Selling the Telecom Italia holding, valued at about 3.03 billion euros ($3.23 billion), would ease Italian regulators’ concerns over the French media company’s influence in the country, said the people, who asked not to be identified citing private talks.