Vivendi Refrains From Seeking Ubisoft Board Representation
29 Septembre 2016 - 7:10PM
Dow Jones News
PARIS--French billionaire Vincent Bolloré has refrained from
seeking representation on Ubisoft Entertainment SA's board at a
meeting of the videogame maker's shareholders on Thursday.
Investors and shareholders had expected Vivendi SA, the company
that Mr. Bolloré chairs and which has acquired a 23% stake in
Ubisoft, to seek board representation, potentially paving the way
for a more active role for him in Ubisoft or even a full
takeover.
Vivendi said in a statement that it had abstained from voting on
Ubisoft's board representation, adding that "good governance" would
include Vivendi representation.
Shareholders in Ubisoft reappointed two of the company's
founders, Yves and Gerard Guillemot, as board members with a
majority of votes.
Ambroise Ecorcheville contributed to this article.
Write to Inti Landauro at inti.landauro@wsj.com
(END) Dow Jones Newswires
September 29, 2016 12:55 ET (16:55 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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