Ray-Ban Heir Leonardo Del Vecchio Seeks to Buy Italian Newspaper Critical of Him, Owners Reject Offer
32 Articles
32 Articles
The majority shareholders of the Italian newspaper Il Fatto Quotidiano rejected a proposal for acquisition presented by Leonardo Maria Del Vecchio, heir to the late founder of EssilorLuxotica, manufacturer of Ray-Ban glasses, with whom the newspaper maintains a public conflict. The 31-year-old entrepreneur already has relevant stakes in the Italian media sector through his indebted holding LMDV, which holds 30% of the newspaper Il Giornale, form…
"We want to protect him, Travaglio will stay," says the group Lmdv Media, which already has the majority of Qn and 30% of Il Giornale, who authorized a due diligence for a voluntary totalitarian Opa aimed at delisting on Seif. But the founding partners respond with a dry no
Lmdv Media starts the due diligence to buy the daily direct from Travaglio. The no of the founding partners
The Lmdv media has started a two-fold confirmation of Seif's information, the company listed on the newspaper's stock exchange directed by Travaglio
Coverage Details
Bias Distribution
- 42% of the sources lean Left, 42% of the sources are Center
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