Vivendi Acquires Pay TV Business of Italy’s Mediaset – WSJ

Vivendi Acquires Pay TV Business of Italy’s Mediaset

French media firm Vivendi said that it has acquired the pay-TV business of Italy’s Mediaset, moving to create a European rival to U.S. streaming video giant Netflix and pay-TV giant Sky.

http://www.wsj.com/articles/vivendi-close-to-acquiring-mediasets-pay-tv-business-1460115536