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Vivendi Buys More Ubisoft, Seeks Board Seat in Latest Salvo
- Bolloré's media giant ups stake in French game maker to 17.7%
- Says it doesn't plan bid for control for at least 6 months
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Vivendi SA upped the pressure on video-game publisher Ubisoft Entertainment, adding to its stake and seeking board representation while saying it doesn’t plan to make a bid or seek control for the next six months.
Vivendi, the French media company led by billionaire Vincent Bolloré, acquired stock giving it 17.7 percent ownership in Ubisoft, and said it intends to continue buying more, according to a regulatory filing on Friday. Vivendi continues to seek to establish “fruitful” cooperation with the maker of games such as Assassin’s Creed and The Division.