|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||26.19 - 26.46|
|52-week range||16.60 - 26.85|
|Beta (5Y monthly)||0.57|
|PE ratio (TTM)||17.11|
|Forward dividend & yield||0.60 (2.28%)|
|Ex-dividend date||21 Apr 2020|
|1y target est||N/A|
Italian broadcaster Mediaset said on Friday it had won two legal cases against French and U.S. portals involving online piracy. In a statement, the broadcaster said an Italian court had ordered France's Dailymotion to pay it more than 22 million euros ($27 million) for publishing illegally 15,000 videos using Mediaset content. The court also ordered American portal Veoh, known as Qlipso Inc at the time of the offence, to pay Mediaset more than 3.3 million euros and 60,000 euros in costs.
Mediaset has lodged an appeal against a court ruling that lifted restrictions placed on French media giant Vivendi's stake in the Italian broadcaster, two legal sources said on Friday. Last month an Italian administrative court removed regulatory curbs that capped Vivendi's voting stake in Mediaset at 10%, potentially giving back to the French group voting rights on its full 29% holding. That could give Vivendi powers to block any extraordinary resolutions at Mediaset shareholder meetings as well as help it to secure some representatives on the board of the Italian firm, which is controlled by former Prime Minister Silvio Berlusconi.
(Bloomberg) -- A Tencent Holdings Ltd.-led consortium will acquire an additional 10% of Universal Music Group, in a deal that values the world’s biggest music company at 30 billion euros ($36.8 billion).The purchase will bring Tencent’s holding in the music group to 20% following a deal last year for a stake at the same valuation. UMG’s connection to the Chinese internet giant will help boost its expansion in Asia, and Tencent will also take a minority holding in UMG’s Chinese subsidiary, the label’s parent company, Vivendi SA, said in a statement on Friday.Vivendi will also sell additional minority stakes in UMG ahead of its plans to list the unit by 2022. The company plans to use cash from the deals to reduce debt and to finance share buybacks and acquisitions. UMG’s entry onto the stock market could give the music group more financial clout to compete with rivals such as Warner Music Group and Sony Music Entertainment.Vivendi shares rose 1.2% to 26.29 euros at 9:44 a.m. in Paris on Friday. The company’s stock has gained 1.9% this year. Tencent declined 0.5% in Hong Kong.For Tencent, the increased stake will help it continue to diversify a business that’s heavily focused on gaming and the Chinese market. In other deals this year, Tencent helped orchestrate the combination of Huya Inc. and DouYu International Holdings Ltd., creating a Chinese game-streaming giant with a market value of more than $11 billion. It has also proposed taking private Chinese gaming firm Leyou Technologies Holdings Ltd.Universal Music has been boosted by a surge in streaming that has dragged the industry out of a decade-long slump, helping Vivendi through the pandemic lockdown.The deal will close during the first half of 2021, subject to regulatory approvals.(Updates with share price in fourth paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.