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Ubisoft Founders Victorious as Vivendi Board Bid Is Averted

  • Temporary respite for founders seeking to keep independence
  • Billionaire Bollore’s Vivendi signals it will return
Updated on

Ubisoft Entertainment SA’s founding Guillemot family won at least a temporary victory at the game-maker’s annual meeting when activist investor Vivendi SA, which is seeking board seats, held back from a direct confrontation.

Vivendi, which is Ubisoft’s largest shareholder, made no proposals at the gathering Thursday in Bagnolet, near Paris. The French media company abstained from voting, taking credit for sinking four minor company proposals, and Vivendi Chairman Vincent Bollore didn’t attend.