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Mediaset merger plan gets court date

June 16, 2020

From David Del Valle in Madrid

A commercial court in Madrid has set a July 1st hearing on Italian broadcaster Mediaset’s plans to merge its Italian and Spanish divisions under a Dutch holding, Mediaset Espana has declared in a filing with the Spanish regulator.

The Spanish commercial court (Juzgados de lo Mercantil) suspended the merger in October 2019 as a precautionary measure after French media group Vivendi, a major shareholder in Mediaset, brought a legal challenge. The hearing to resolve the case was later delayed by the coronavirus pandemic.

Mediaset wants to merge the units under Dutch holding firm MediaforEurope (MFE) to pursue a European growth strategy to tackle competition from streaming rivals such as Netflix.

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