6 new stocks added last week by ProPicks AI are already up by 2.5%. Don't miss the momentum!Get 50% off

Share in Mediaset jump after Vivendi says will lift stake

Published 20/12/2016, 08:27
© Reuters. The Mediaset tower is seen in Cologno Monzese neighbourhood Milan
VIV
-
MFEB
-

MILAN (Reuters) - Shares in Mediaset (MI:MS) shot up more than 10 percent at open on Tuesday, and were immediately suspended from trading, after French media group Vivendi (PA:VIV) said it would raise its holding in the Italian broadcaster close to 30 percent.

Vivendi unveiled a week ago a 3 percent stake in Mediaset and within days boosted it to 20 percent, becoming the group's second biggest investor after the family of former Prime Minister Silvio Berlusconi.

The move has angered Italy's government and fuelled an ongoing spat between the two groups over a failed pay-TV deal.

© Reuters. The Mediaset tower is seen in Cologno Monzese neighbourhood Milan

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.