ECJ Finds Italy's Law To Block Vivendi's Media Stake Unlawful

Law360, London (September 3, 2020, 4:23 PM BST) -- A decision by Italy's government to block French media company Vivendi SA from acquiring nearly a third of the shares in Italian broadcaster Mediaset SpA breached European Union rules, the bloc's highest court ruled on Thursday.

The European Court of Justice has found that an Italian law designed to prevent a concentration of power in the electronic communications sector violates EU law on the right of establishment.

The case stems from an April 2017 decision by the Italian communications competition regulator, Autorità per le Garanzie nelle Comunicazioni, which required Vivendi to trim the share capital it held in either Mediaset SpA...

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