By Elvira Pollina
MILAN (Reuters) - Mediaset and its second largest investor Vivendi are working on a potential deal to end a long-running legal row and revive the Italian broadcaster's European growth strategy, two sources close to the matter said.
Controlled by the family of former Italian prime minister Silvio Berlusconi, Mediaset had been targeting expansion in Europe to cope with stiffer competition in the industry from streaming services such as Netflix.
But Vivendi's opposition has forced Mediaset to freeze plans to create a Dutch holding company to pursue alliances in Europe.
The two groups have been locked in a fight since 2016 when Vivendi ditched an accord to buy Mediaset's pay-TV unit and built a 29% stake which Mediaset considers hostile.
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