The French media conglomerate run by billionaire Vincent Bolloré said Monday that it has bought stock giving it 22.8% of Ubisoft, up from 20.1% just a month ago.
The Paris-based conglomerate said that the new stake gives it 20.2% of the voting rights of Ubisoft, which is known for franchises such as Assassin s Creed.
But Vivendi reiterated in a statement that it isn t currently planning any tender offer for Ubisoft, nor any takeover of the firm.
Ubisoft has for months been hostile to Vivendi s stake-building, saying that Vivendi doesn t know the videogame business and would destroy shareholder value.
Vivendi on Monday reiterated its desire for board representation at Ubisoft.
The slow increase in Vivendi s stake continues Mr. Bolloré s battle with the Guillemot brothers who founded and run Ubisoft.