By Ruth Bender 

PARIS-- Vincent Bolloré called on investors Friday to have faith in his capacity to turn Vivendi SA into a successful European media group as the group's chairman and largest shareholder secured double voting rights, further tightening his grip over the company.

Mr. Bolloré, presiding over his first annual meeting as chairman, said giving him larger voting rights will help Vivendi transform into a global content group, comparing Vivendi to big tech giants such as Google Inc. and Facebook Inc., where founders often have a higher portion of voting rights than the capital they control.

"These groups are agile, they can move very quickly," Mr. Bolloré said.

Mr. Bolloré won his bid as a group of minority shareholders failed in their resolution seeking to overrule a French law giving shareholders double voting rights for shares held over two years.

With 14.5% of the capital and soon a much bigger percentage of voting rights, the French investor holds the key decision power in crafting Vivendi's future.

But Mr. Bolloré urged investors to be patient as Vivendi is working toward building a new global content company.

Vivendi has in recent years sold of an array of assets from telecoms to video games and is now seeking to rebuild itself into a large European media company. It has over EUR10 billion in cash to spend.

"Clearly, I strongly believe that Vivendi can develop itself a lot," said Mr. Bolloré. "Why would I invest 4 billion euros in a company in which I don't believe?".

Mr. Bolloré has nearly tripled his stake in Vivendi in recent weeks as he came under fire from some minority shareholders. A U.S. hedge fund pushed Vivendi to agree to boost returns to shareholders ahead of the meeting this week. Another group of minority holders also proposed the resolution to stick with a one-share, one-vote principle, a motion that threatened to overrule Mr. Bolloré's access to double voting rights.

The tumult at Vivendi came as the group is standing at a crossroads in its quest to transform itself from a telecom to broadcasting conglomerate into pure media company.

Mr. Bolloré said finding the right acquisition targets at the right price isn't easy in a field courted by many different players. Vivendi wants to find targets that can create value by working together with Vivendi's existing activities, namely Universal Music Group and pay TV Canal Plus.

Vivendi will do more acquisitions in the year to come, he said, after the company made its first buy under the leadership of Mr. Bolloré earlier this month when it entered exclusive talks to buy video-streaming site Dailymotion from Orange SA.

Top Vivendi managers will gather at a strategic meeting May 12 to talk about potential acquisitions, he said. He declined to provide more details.

Mr. Bolloré remained undeterred by repeated questioning from shareholders in a three-hour meeting that--despite the recent shareholder revolt--kept a friendly tone.

"I think you are wrong," Mr. Bolloré said to the shareholder accusing him of not having a strategy. "But it does occur that I get things wrong, so the future will tell who was right: you or I."

Write to Ruth Bender at Ruth.Bender@wsj.com

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