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Vivendi Again Boosts Stake in Videogame Firm Ubisoft

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Cornell Lopez

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.

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Cornell Lopez
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