PARIS Oct 19 French media group Vivendi
on Wednesday said it was no longer keen on finding an
amicable solution to its dispute with Mediaset over
their soured pay-TV deal.
"Vivendi is no longer willing to give priority to finding an
amicable solution and reserves the right to take all necessary
action to defend its interests and those of its shareholders,"
Vivendi said in a statement.
Mediaset accuses Vivendi of reneging on an April deal under
which Vivendi agreed to give the Italian company the 3.5 percent
stake in exchange for an equal stake in Mediaset and full
ownership of the Italian group's Premium pay-TV unit.
(Reporting by Astrid Wendlandt; Editing by Leigh Thomas)