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Vivendi increases Ubisoft stake to 17.7%, seeks board seat
2016-05-02 08:30:00| Telecompaper Headlines
(Telecompaper) French media group Vivendi increased its stake in game maker Ubisoft to 17.7 percent of equity and over 15 percent of voting rights, Le Monde reports, citing a statement from financial markets authority AMF, which said that Vivendi plans to ask for representation on Ubisoft's board. After the announcement, Ubisoft told AFP that it was not surprised that Vivendi raised its stake past the 15 percent threshold, referring to the company's strategy of taking creeping control. It expects Vivendi to make an offensive during the Ubisoft's next general assembly.
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