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Vivendi promises Gameloft staff a "great collective adventure" as its takeover bid gains majority

Vivendi promises Gameloft staff a "great collective adventure" as its takeover bid gains majority

French media giant Vivendi has completed its hostile takeover of troubled mobile developer Gameloft.

Following its proposal to Gameloft shareholders, it announced it had the support of 62% of shareholders and - more crucially - 56% of the voting rights.

Now, under French law, the offer - which will pay €8 per share - will be reopened for 10 working days to provide more shareholders to accept it.

Vivendi will then appoint its directors during the company's annual meeting on 29 June.

Ambitious redeployment

In a move to reassure Gameloft employees, Vivendi's CEO Arnaud de Puyfontaine and COO Stéphane Roussel have penned a open letter.

"We are convinced that Gameloft, with Vivendi's backing, can be more ambitious in its growth plans. In a rapidly-evolving market, your company, which needs industrial and financial backing to develop, will be able to count on our full support and commitment.

"You will now take part in a great collective adventure as Vivendi pursues its ambitious redeployment in content and media. In carrying out this plan, we will rely above all on your talents and creative freedom."

You can read the full letter here


Contributing Editor

A Pocket Gamer co-founder, Jon is Contributing Editor at PG.biz which means he acts like a slightly confused uncle who's forgotten where he's left his glasses. As well as letters and cameras, he likes imaginary numbers and legumes.

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