After several months of struggle, Vivendi takes control of Gameloft

by bold-lichterman

Vivendi finally managed to get his hands on the publisher of downloadable games Gameloft. This acquisition comes after several months of negotiations initiated in mid-February with the launch of a hostile takeover bid by the multinational led by Vincent Bolloré.

The Autorité des marchés financiers put an end to the suspense on Tuesday with the publication of the provisional results of this operation. Vivendi is therefore preparing to hold 61.71% of the capital and at least 55.61% of the voting rights of Gameloft. “In total, Vivendi is able to hold 53,728,336 GAMELOFT SE shares representing as many voting rights“, Said the financial regulator. The final results of the takeover will be known by June 2 at the latest.

Vivendi is back in video games

This new takeover is part of the aggressive strategy of acquisitions in the world of video games launched several months ago by the French group. Along with Gameloft for mobile, Vincent Bolloré’s firm is also focusing on Ubisoft to position itself in the console and PC games sector.

Despite the interest they arouse, Michel and Yves Guillemot, respectively at the head of Gameloft and Ubisoft, were very reluctant to the intentions of Vincent Bolloré towards their two companies. “Since the sale of its games business over a year ago, Vivendi no longer has any business that could bring synergies to Gameloft.“, Estimated the group of Michel Guillemot last February at the time of the first offensive of Vivendi. In March, at the time of the publication of its financial results, Gameloft disclosed a loss of 24.2 million euros for the 2015 financial year.