Mediaset and Vivendi look to launch European pay TV platform via joint venture - Il Sole 24 Ore
Mediaset and French media group Vivendi are in talks to set up a European pay TV platform, Italian language daily Il Sole 24 Ore reported. The unsourced report said that the agreement would both involve a share swap and a commercial agreement and would create a joint venture between Canal+ and Mediaset Premium, the pay TV arms of Vivendi and Mediaset respectively.
The report said that Chiomenti was providing legal advice to Mediaset and Carnelutti was acting as legal advisor to Vivendi.
Previous press reports have mentioned valuations of EUR 900m and EUR 1.1bn for Mediaset Premium, with Milano Finanza reporting that Mediaset has put an EUR 800m enterprise value on Mediaset Premium and indicated that the pay TV unit has EUR 100m in cash.
Il Sole 24 Ore