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.
Guillemot (EU:GUI)
Historical Stock Chart
From Nov 2024 to Dec 2024 Click Here for more Guillemot Charts.
Guillemot (EU:GUI)
Historical Stock Chart
From Dec 2023 to Dec 2024 Click Here for more Guillemot Charts.