If you’ve been following this site for a decent amount of time, you’ll know that we have been watching and reporting on the takeover of Gameloft by Vivendi. Well Vivendi now owns 95.94% of the share capital and 95.77% of the voting rights of Gameloft after the takeover completed back on June 15th, 2016.
While Vivendi is currently trying to takeover Gameloft in a hostile bid, it looks as though there are hints that this isn’t the only company Vivendi has eyes for. One company was already hinted at in our previous article, which is Ubisoft, but Vivendi says it isn’t going for control over that company even though the current purchases of shares recently would suggest otherwise.
Back in February 2016 we reported on Vivendi who were essentially forced under French law to make a takeover bid on Gameloft after acquiring a large stake in Gameloft after their last share buy. This all began in October 2015, which is when Vivdeni began buying up chunks of Gameloft’s shares and after netting around a 30% stake in Gameloft, and because of Vivdeni now owning a 30% stake in Gameloft, under French law this means they have a mandatory takeover offer to make and they did.
Interesting news coming out today about one company possibly trying to take over another, which isn’t anything new in the business world. However, the parties involved is what makes this interesting. Vivendi has a lot of games and franchises under their belt already, but in the past few months have been steadily buying up Gameloft’s shares.