Peninsula fund gives Mediaset insurance in Vivendi dispute

MILAN (Reuters) - A private equity firm led by former bankers from top Italian investment house Mediobanca has agreed a backstop worth up to 1 billion euros (878.3 million pounds) to help Mediaset ensure safe passage for its plans to create a pan-European TV player.The Italian broadcaster this month won shareholder approval for a corporate overhaul to create a Dutch-based TV platform dubbed MediaforEurope (MFE), fending off opposition from its second largest shareholder Vivendi .The change is..