Vivendi Might Be Set to Succeed on Gameloft's Hostile Takeover
French conglomerate Vivendi is slowly closing its grasp on a Guillemot-founded business, following a possible successful week in their fight for mobile-developer Gameloft. According to Bloomberg‘s sources close to the matter, Vivendi may now has the approval of 44.1% of the shareholders (at least) in their hostile takeover for the mobile company.
For a broader context, the fight for Gameloft — a studio co-founded by Michael Guillemot — has been seen by many analysts as the first battle for mega-publisher Ubisoft. Vivendi currently owns a 17.7% share of Ubisoft stock, looking to purchase more despite the company’s active and public efforts to stay independent.
Vivendi previously owned Activision and Blizzard before the publisher was able to purchase their own independence.