Gameloft – best known for Order & Chaos and Modern Combat – is embattled with Vivendi in a hostile takeover. Vivendi has now purchased over 30% of Gameloft’s stock but had been forced to table a mandatory takeover bid. That hasn’t stopped them from lobbying the current shareholders – that schmoozing has persuaded those shareholders enough that Vivendi can now proceed with a takeover.
Shareholders have agreed to sell their shares for 8 euros per share according to Bloomberg. The news outlet has stated that this is the rate those shareholders have agreed to and that Vivendi is also being backed by Amber Capital, who holds a 14% share in Gameloft.
This takeover is the first step to unite Ubisoft and Gameloft which according to Ubisoft CEO Yves Guillemot would be “unsolicited and unwelcomed.” I can’t imagine Ubisoft is thrilled about this at all – something they and Gameloft do agree on.
The Bloomberg article can be viewed here.