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Mediaset Premium's plan 'unrealistic'

French multinational says open to alternative deal

Redazione Ansa

(ANSA) - Paris, July 29 - French media multinational Vivendi S.A. on Friday said Mediaset media group's business plan for its Mediaset Premium pay-TV business is "based on unrealistic assumptions".
    The bplan presented by ex-premier Silvio Berlusconi's broadcasting company said its Premium division would break even in 2018.
    The French group said in a statement that due diligence by Deloitte auditors at the beginning of June deemed the business plan to be "unachievable".
    Vivendi, which has backtracked from a deal to take full control of Mediaset Premium announced in April, also said in the statement that it was open to discussing another agreement with the broadcasting company.
    The two companies on Thursday threatened taking legal action against each other over the failed deal.
   

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