Bloomberg reports that media giant Vivendi has secured the support of Gameloft’s majority shareholders, allowing it to begin takeover proceedings.
Vivendi owns 30% of the mobile game developer and is on track to receive further stock offers to allow what Bloomberg terms as a “hostile bid”.
The founders of Gameloft, the Guillemot family, is also behind major publisher Ubisoft. Vivendi began to make a push to control Ubisoft back in October, acquiring shares in a tactic similar to the one employed with Gameloft. The Guillemot family responded in kind, taking to Montreal, Canada in an effort to win over shareholder support.
We’ll keep you up to date as this story progresses.
This article may contain affiliate links, meaning we could earn a small commission if you click-through and make a purchase. Stevivor is an independent outlet and our journalism is in no way influenced by any advertiser or commercial initiative.
