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Name | Symbol | Market | Type |
---|---|---|---|
Vivendi SE (PK) | USOTC:VIVHY | OTCMarkets | Depository Receipt |
Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.01 | -0.08% | 11.99 | 11.98 | 12.01 | 12.00 | 11.99 | 12.00 | 1,584 | 15:36:49 |
By Nick Kostov
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 12:44 ET (16:44 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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