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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Guillemot Corp | EU:GUI | Euronext | Ordinary Share |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.04 | 0.70% | 5.76 | 5.74 | 5.78 | 5.76 | 5.68 | 5.72 | 8,349 | 12:06:29 |
Vivendi SA increased the pressure on videogame company Ubisoft Entertainment SA, adding to its stake and saying that it intends to continue buying more, according to a regulatory filing on Friday.
Vivendi, the French media company led by billionaire Vincent Bolloré , acquired stock giving it 20.1% ownership in Ubisoft, up from 17.7% previously. It added that it doesn't plan to make a bid or take control of the company for the next six months.
"Vivendi continues to hope for the establishment of a fruitful collaboration with Ubisoft," the company said in the statement.
Ubisoft, which is known for franchises such as "Assassin's Creed," has been hostile to Vivendi's stake-building for months, saying that Vivendi doesn't know the videogame business and would destroy shareholder value.
Vivendi last month prevailed in its efforts to gain control of Gameloft SE, a sister company to Ubisoft.
Write to Nick Kostov at Nick.Kostov@wsj.com
(END) Dow Jones Newswires
June 17, 2016 12:55 ET (16:55 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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