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Vivendi aims to make Mediaset a new offer for its pay-TV next week-source

Reuters - UK Focus

PARIS/MILAN, Sept 23 (Reuters) - French media giant Vivendi (Swiss: VIV.SW - news) aims to make an alternative offer to Italian broadcaster Mediaset (LSE: 0NE1.L - news) for its pay-TV by the end of next week, as it tries to end a legal dispute that has escalated between the two groups since July, according to a source close to matter.

Under the preferred alternative scenario Vivendi (LSE: 0IIF.L - news) is working on, shares of Mediaset Premium would be split between Vivendi, Mediaset and a third party, which would most likely be a fund, the source said on Friday.

Mediaset will discuss the disputed deal at a board meeting on Tuesday, a second source familiar with the matter said.

Vivendi declined to comment.

(Reporting by Mathieu Rosemain and Giulia Segreti; Editing by Matthias Blamont)