FILE PHOTO: A Vivendi sign is seen at the company's headquarters in Paris, France, April 8, 2015. REUTERS/Gonzalo Fuentes
MILAN (Reuters) -Mediaset and its second-largest investor, Vivendi, on Monday ended years of legal sparring with an accord under which the French group will drastically cut its stake in the Italian broadcaster.
A collapsed pay-TV deal back in 2016 plunged the two media companies into a bitter war waged in courts across Europe, blocking Mediaset's plans to expand overseas to fend off rising competition in the industry from streaming services like Netflix Inc.
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