Home News Vivendi begins takeover of Gameloft; Ubisoft looks to be next

Vivendi begins takeover of Gameloft; Ubisoft looks to be next

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.

 

Steve Wrighthttps://www.stevivor.com
Steve's the owner of this very site and an active games journalist for the past ten years. He's a Canadian-Australian gay gaming geek, ice hockey player and fan. Husband to Matt and cat dad to Wally and Quinn.