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Vivendi gains backing of Gameloft shareholders for takeover bid

Paying €8 a share
Vivendi gains backing of Gameloft shareholders for takeover bid
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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.