Mediaset files for damages over Vivendi failure to complete Mediaset Premium deal in timely manner
Mediaset has announced that it has filed for damages over Vivendi's failure to execute a binding agreement to acquire its pay TV subsidiary Mediaset Premium. Mediaset filed the claim for damages of EUR 50m a month with the Milan Tribunal starting from 25 July 2016.
Mediaset noted that the filing did not take into account more serious damages that would be caused if Vivendi does not honour the completion of the contract, which Mediaset estimates at EUR 1.5bn.
The present claim is for damages relating to Vivendi's failure to execute the contract on time.