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Ubisoft confident of shareholders support to rebuff Vivendi

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Jerry Anderson

MoreA man walks past the Ubisoft booth at the E3 Electronic Expo in Los Angeles, California, U.S. June 14, 2016.

PARIS Reuters - French video games maker Ubisoft is confident that a majority of shareholders will back its independence from media giant Vivendi, Chief Financial Officer Alain Martinez said on Tuesday.

Vivendi, led by billionaire Vincent Bollore, is asking to be represented on the board of Ubisoft because it has become the company's biggest shareholder, owning 22.63 of equity and more than 20 percent of voting rights.

That request has been denied by Ubisoft's founding Guillemot family, owner of a 9 percent stake and 15 percent of the voting rights, because it considers the move hostile.

"We keep on talking and communicating with our shareholders to make sure that all our resolutions receive their support," Martinez said in a conference call discussing the annual shareholder meeting slated for Sept. 29.

"We think that's the case for the moment."

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Jerry Anderson
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