Mediaset owner may look to acquire 10% of Telecom Italia as counter to Vivendi moves
Fininvest, the holding of the Berlusconi family, could look to acquire a 10% stake in Telecom Italia [BIT:TIT] to ward off moves on its subsidiary Mediaset [BIT:MS] by Vivendi [EPA:VIV], Italian language Carlo Festa blog reported.
The report cited market rumours noting that Fininvest has plenty of cash on hand but would also most likely need to take out a bank loan to help fund the buy.
The report added Vivendi has built up a 20% stake in Mediaset in the last few days and is also the controlling shareholder of TI.
TI has a market cap of EUR 15.97bn