U.S. markets close in 1 hour 59 minutes
  • S&P 500

    3,847.46
    -22.83 (-0.59%)
     
  • Dow 30

    31,475.45
    +83.93 (+0.27%)
     
  • Nasdaq

    13,096.58
    -262.20 (-1.96%)
     
  • Russell 2000

    2,240.76
    +9.25 (+0.41%)
     
  • Crude Oil

    61.64
    +1.89 (+3.16%)
     
  • Gold

    1,717.90
    -15.70 (-0.91%)
     
  • Silver

    26.40
    -0.48 (-1.78%)
     
  • EUR/USD

    1.2076
    -0.0012 (-0.10%)
     
  • 10-Yr Bond

    1.4720
    +0.0570 (+4.03%)
     
  • GBP/USD

    1.3971
    +0.0015 (+0.11%)
     
  • USD/JPY

    106.9540
    +0.2440 (+0.23%)
     
  • BTC-USD

    51,235.84
    +3,295.61 (+6.87%)
     
  • CMC Crypto 200

    1,025.98
    +37.88 (+3.83%)
     
  • FTSE 100

    6,675.47
    +61.72 (+0.93%)
     
  • Nikkei 225

    29,559.10
    +150.93 (+0.51%)
     

Italy's Mediaset appeals verdict that freed up Vivendi's voting rights: sources

  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
·1 min read
FILE PHOTO: A logo is seen over the main entrance of the entertainment-to-telecoms conglomerate Vivendi's headquarters in Paris
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.

MILAN (Reuters) - Mediaset has lodged an appeal against a court ruling that lifted restrictions placed on French media giant Vivendi's stake in the Italian broadcaster, two legal sources said on Friday.

Last month an Italian administrative court removed regulatory curbs that capped Vivendi's voting stake in Mediaset at 10%, potentially giving back to the French group voting rights on its full 29% holding.

That could give Vivendi powers to block any extraordinary resolutions at Mediaset shareholder meetings as well as help it to secure some representatives on the board of the Italian firm, which is controlled by former Prime Minister Silvio Berlusconi.

The two groups have been locked in a legal battle since 2016 when Vivendi ditched an accord to buy Mediaset's pay-TV unit and built a stake which Mediaset considers hostile.

Mediaset declined to comment. Vivendi could not be immediately reached for comment.

(Reporting by Elvira Pollina, editing by Valentina Za and Susan Fenton)