Earlier this year we reported that Vivendi, a media mega-corporation headquartered in Paris, was attempting to take control of prolific mobile developer and publisher Gameloft. It appears that they've succeeded: today the company announced that it has purchased a 61.71% share of Gameloft's public stock, giving it more than half of the voting rights for the corporation. The company offered 8 euro per share to existing shareholders in February in a conventional hostile takeover attempt. Read More
Gameloft has been one of the most consistent (if not one of the most respected) game developers since the beginning of the mobile gaming boom, though the company began on consoles. Vivendi, an enormous French media empire with interests in music, movies, video games, and pretty much every other entertainment industry, is attempting a hostile stock takeover of Gameloft, according to Bloomberg. The larger company has already purchased over 30% of Gameloft's stock, and is now offering 6 euros a share for the remaining amount.
Gameloft began humbly, founded in Paris by former executives of Ubisoft. Gameloft was one of the only companies that made high-end games for the old iOS and Windows Mobile platforms. Read More