Mediaset and Vivendi are reportedly in talks to settle their row over the governance of Mediaset’s planned new pan-European media group, MediaforEurope.
In September it was reported Vivendi was preparing to launch legal action against Mediaset as it opposes the plan. Vivendi is Mediaset’s second largest shareholder.
A court in Milan had been due to rule on Vivendi’s request to freeze the reorganisation this week but has postponed its decision to November 22nd in order to give the two sides time to reach an agreement, Mediaset said in a statement.
Meanwhile, Reuters reports Mediaset is ready to modify the governance of the reorganised company in order to reach a compromise with Vivendi.