Vivendi buys bigger stake in Ubisoft and Gameloft

Vivendi is getting back into the game in a big way.

The French media company revealed today that it now owns a 10.4 percent stake in Ubisoft and a 10.2 percent stake in Gameloft (via Wall Street Journal), two significant publishers in two different gaming markets. The corporation spent $134.4 million (€118.4 million) to bump up its investment in the industry. This comes less than a month after Vivendi purchased around 6 percent of each respective company for $178.2 million (€160 million). This is a move to help Vivendi get exposure once again to the gaming space. The company reportedly has around $9.5 billion sitting in its savings account, and now it is putting that money to work.