Vivendi’s latest attempt to tease control away from Ubisoft has seen the French media group pick up even more voting rights.
The company now holds 20.2 percent of Ubisoft’s voting rights, which give stockholders the ability to influence decisions such as board appointment and corporate policy.
As explained in Vivendi’s official announcement, it also marginally upped its capital stake in the Assassin’s Creed creator to 22.8 percent.
“Vivendi is considering continuing to acquire shares depending on market conditions [but] is not considering the launch of a public tender on Ubisoft nor acquiring the control of the company,” reads a press release.
“[We’re] hoping to build a fruitful cooperation with Ubisoft, [and are] asking for a recomposition of the Ubisoft Board of Directors in order to obtain Board representation consistent with its shareholder position.”
Despite its insistence that it’s not looking to seize control of the studio, Vivendi has previously gone on record to lay out its plan to unite Ubisoft and Gameloft — which Vivendi now controls — under one banner.
Ubisoft is doing its best to fend off Vivendi, and recently welcomed two new independent directors to its board in an attempt to steady the ship.