Vivendi Boss Tightens Grip Ahead of Shareholder Battle

Financial Times: French industrialist Vincent Bolloré has increased his stake in Vivendi, tightening his grip on the media and content group on the eve of a showdown with activist shareholders. The billionaire and one-time corporate raider, who became chairman of Vivendi last summer, said that his Bolloré Group had bought an additional 24.6 million Vivendi shares for €568 million, bringing his stake to just above 12%.