Vivendi Wins Fight Over Mediaset Stake at Top EU Court (1)

French billionaire Vincent Bollore’s Vivendi SA won a court fight to keep its stakes in both Silvio Berlusconi’s Mediaset SpA and Telecom Italia SpA, after European Union judges delivered a blow to Italian rules curbing the power of media moguls.

The EU’s Court of Justice said the media concentration legislation violates the EU law The rules aim to prevent tycoons from taking control of several media and telecommunications companies.

“The Italian provision sets thresholds which bear no relation to the risk to media pluralism, since those thresholds do not make it possible to determine whether and to what ...