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Vivendi and Mediaset announce deal to end legal battle

PARIS, May 3 (Reuters) - Italian broadcaster Mediaset and its second-largest investor, Vivendi, on Monday announced a deal that will see the French company sell the entire Mediaset equity stake held through Simon Fiduciaria.

The agreement ends a long-running dispute and waives all litigation and claims between them, the two companies said in a joint statement.

Vivendi and Mediaset had entered a good neighborhood agreement in free-to-air television and standstill commitments for a five-year term, they added.

The closing of the settlement is due on July 22. (Reporting by Benoit Van Overstraeten; Editing by Richard Lough and Leslie Adler)

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