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Vivendi Wants to Block Mediaset’s Dutch Holding Company Plan

  • French media group is said to plan no vote at Sept. 4 meeting
  • Move is latest chapter in feud between Vivendi and Berlusconis
relates to Vivendi Wants to Block Mediaset’s Dutch Holding Company Plan

Photographer: Miguel Medina/AFP/Getty Images

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Mediaset SpA shareholder Vivendi SA plans to vote against the Italian TV company’s proposal to merge with its Spanish affiliate, according to people familiar with the matter, in a potential setback for the broadcaster’s ambition to create a European alliance.

Mediaset investors will gather Sept. 4 to vote on a plan to create a Dutch-registered holding company to house the assets. The controlling shareholder, former Prime Minister Silvio Berlusconi’s family, wants other national broadcasters to invest in the new entity, which would collaborate on data platforms and advertising in response to the growing threat from Netflix Inc.