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Vivendi gains backing of Gameloft shareholders for takeover bid

Vivendi gains backing of Gameloft shareholders for takeover bid

A Vivendi takeover of Gameloft is looking very likely, as Vivendi has reportedly gained the backing of a majority of Gameloft shareholders.

Bloomberg has reported that Vivendi has offered shareholders €8 ($9) per share – 33% more than Vivendi paid when it increased its stake in Gameloft to 30% in February 2016.

The report also claims that Vivendi had gained the backing of Amber Capital, which has a 14.6% stake in Gameloft.

Failure to comply

Should Vivendi acquire Gameloft, it would give the company momentum to also acquire Ubisoft, a far bigger target than the troubled mobile developer.

However, Bloomberg also reported that the takeover could be invalidated on compliance issues, if a court ruling in September 2016 rules as such.


Former Editor

Ric was formerly the Editor of Pocket Gamer and the Deputy Editor of PocketGamer.biz. He still pops up time to time to review games.

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