Politics Silvio Berlusconi

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  • *Vivendi confirms it now only wants 20 pct of pay TV. MILAN/ PARIS, July 26- French tycoon Vincent Bollore has backed away from a deal to buy the pay-TV business of Silvio Berlusconi's Mediaset in an unexpected move that the Italian broadcaster's biggest shareholder said could lead to a full takeover. Fininvest, the Berlusconi holding company that owns 35 percent...

  • MILAN, July 26- Vivendi has backed away from a deal to buy the pay-TV business of Mediaset in an unexpected move the Italian broadcaster's biggest shareholder said could mean that a full takeover was on the agenda. Mediaset, controlled by the family of former Italian Prime Minister Silvio Berlusconi, said on Tuesday Vivendi had proposed an alternative...

  • ROME, July 5- Italy's bank shares plunged on Tuesday, shaking the financial foundations of the euro zone's third-largest economy and threatening contagion to other EU nations. The crisis could push Italy back into recession and, in a doomsday scenario, generate a Greek-type meltdown that Europe would find almost impossible to contain. "Italy faces a severe...

  • ROME, July 5- Italy's bank shares plunged on Tuesday, shaking the financial foundations of the euro zone's third-largest economy and threatening contagion to other EU nations. The crisis could push Italy back into recession and, in a doomsday scenario, generate a Greece- type meltdown that Europe would find almost impossible to contain. "Italy faces a severe...

  • MILAN, July 5- Italian tycoon and former prime minister Silvio Berlusconi said on Tuesday he was close to sealing a deal to sell Italian soccer club AC Milan to a Chinese consortium. The Berlusconi family's Fininvest holding company, which owns AC Milan, entered exclusive talks with the consortium in early May. "I have accepted the valuation for the club proposed...

  • Italy's justice system has long been one of the most dysfunctional in Europe, especially when it comes to alleged white-collar criminals like Verdini. That's partly because legal cases take so long in Italy. But it is also because Italy is unique in Europe: Its statute of limitations starts from the moment an alleged crime is committed rather than from the point...

  • MILAN, June 14- Former Italian prime minister Silvio Berlusconi had open heart surgery at the age of 79 on Tuesday, an operation his doctors described as a success and which his supporters greeted as a sign that he could soon return to the political fray. He underwent a four-hour operation at Milan's private San Raffaele hospital to replace a defective aortic...

  • *Berlusconi in intensive care after 4- hour operation. MILAN, June 14- Former Italian prime minister Silvio Berlusconi had open heart surgery at the age of 79 on Tuesday, an operation his family described as a success and his supporters greeted as a sign that he could soon return to the political fray. He underwent a four-hour operation at Milan's private San...

  • MILAN, June 14- Former Italian prime minister Silvio Berlusconi had heart surgery on Tuesday and a source from his party said the operation went well. An official at Milan's San Raffaele hospital said the four-time premier would remain in intensive care for 48 hours and that he would be sedated at least until Wednesday. His personal doctor, Alberto Zangrillo,...

  • MILAN, June 14- Heart surgery on former prime minister Silvio Berlusconi to replace a defective aortic valve went well, a source from his Forza Italia party said on Tuesday. The 79- year-old centre-right leader and media mogul was admitted to hospital last week suffering from what his doctors called a cardiac deficiency. La Repubblica newspaper quoted a source...

  • MILAN, June 14- Italian surgeons began a four-hour heart operation on former prime minister Silvio Berlusconi on Tuesday to replace a defective aortic valve, a hospital statement said. The surgery started at 8 a.m. local time, the statement added. The 79- year-old centre-right leader and media mogul was admitted to hospital last week suffering from what his...

  • MILAN, May 7- Former Italian prime minister Silvio Berlusconi's family company is likely to open exclusive talks next week with a group of Chinese investors interested in buying AC Milan soccer club, one of his most cherished assets, a source said on Saturday. The tycoon is under pressure to finally relax his grip on the club he calls "my Milan," which has failed to win...

  • BARI, Italy, May 6- An Italian prosecutor is investigating Deutsche Bank over its sale of 7 billion euros of Italian government bonds five years ago, an investigative source told Reuters. A prosecutor in Trani, a town in southern Italy, is investigating because Deutsche Bank allegedly told clients in a research note in early 2011 that Italy's public debt was no...

  • BARI, Italy, May 6- An Italian prosecutor is investigating Deutsche Bank for possible market manipulation regarding the sale of 7 billion euros in Italian government bonds five years ago, an investigative source said on Friday. A prosecutor in Trani, southern Italy, is investigating the fact Deutsche told clients in a research note in early 2011 that Italy's...

  • MILAN/ PARIS, April 8- French media group Vivendi agreed on Friday to buy the pay-TV operation of Italian broadcaster Mediaset, completing a major step in billionaire businessman Vincent Bollore's plan to build a southern European content and video-on-demand powerhouse. It also secures Italian tycoon and former prime minister Silvio Berlusconi,...

  • By Claudia Cristoferi and Giulia Segreti. The deal is a stepping stone in billionaire businessman Vincent Bollore's plan to create a southern European pay-TV and content powerhouse to compete with Rupert Murdoch's Sky and online video giant Netflix. Bollore has been accumulating strategic assets in Italy, including a 24.9 percent stake in Telecom Italia.

  • *Flavio Cattaneo favourite to succeed Patuano- sources. MILAN, March 19- Telecom Italia Chief Executive Marco Patuano is stepping down, four sources close to the matter said on Saturday, ending weeks of speculation about his future as top shareholder Vivendi tightens its grip. Vivendi got the stake as part payment for selling Brazilian broadband company GVT to...

  • MILAN/ LONDON, March 9- European shares rose on Wednesday helped by gains in Italy's Telecom Italia and Mediaset on prospects of possible M&A deals with French rivals. The FTSEurofirst remains down by around 7 percent since the start of 2016, with stock markets having been hit by signs of a slowdown in China, the world's second-biggest economy, weaker euro zone...

  • MILAN/ LONDON, March 9- European shares rose on Wednesday helped by gains in Italy's Telecom Italia and Mediaset on prospects of possible M&A deals with French rivals. The FTSEurofirst remains down by around 7 percent since the start of 2016, with stock markets having been hit by signs of a slowdown in China, the world's second-biggest economy, weaker euro zone...

  • MILAN, March 6- Telecom Italia Chief Executive Marco Patuano said he has never been asked to sell the company's Brazilian business, following reports that top investor Vivendi was pushing for a disposal. Patuano held a strategy meeting in Paris with Vivendi executives last week, fuelling market speculation that the French group led by business tycoon Vincent...