Dutch court blocks Mediaset merger in Vivendi spat

Dutch court blocks Mediaset merger in Vivendi spat

A Dutch court on Tuesday blocked a proposed merger between Mediaset, controlled by former Italian Prime Minister Silvio Berlusconi, and its Spanish arm into a single company in the Netherlands.

Mediaset shareholder Vivendi had opposed the plan.

In a ruling overturning a lower court’s summary judgment, the Amsterdam Appeals Court said the proposed merger could not proceed for several reasons, including a scheme that would give some shareholders of the new entity extra voting rights.

Mediaset (MS.MI) and 29% shareholder Vivendi (VIV.PA) are locked in a series of legal battles over strategy at the Italian media company.

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