French media and communications group Vivendi has agreed to acquire the Italian pay-TV operator Mediaset Premium from Silvio Berlusconi’s Mediaset. A report from the Wall Street Journal values the pay-TV unit at USD1.02 billion, with Vivendi having struck a deal to buy Mediaset’s 89% interest and an 11% stake from Telefonica of Spain. Vivendi inherited shares in Telecom Italia last year as part-payment in another deal with Telefonica, and has since become the Italian telco’s largest shareholder, with a stake of just under 25%. The French firm has previously confirmed that it is looking to build up a strong media and content business in Italy which will be supported by its interest in national fixed and mobile operator Telecom Italia. Vivendi already has a strong presence in the French pay-TV sector via its Canal+ unit.