Home Vivendi makes takeover bid for Gameloft
 

Keywords :   


Vivendi makes takeover bid for Gameloft

2016-02-18 20:43:00| Telecompaper Headlines

(Telecompaper) Vivendi has announced a takeover bid for Gameloft, after building up a 30 percent stake in mobile games publisher. The offer of EUR 6 per share represents a premium of 50 percent on Gameloft's share price 14 October 2015, the day prior to Vivendi first disclosing a stake in the company and a premium of 23 percent over the weighted average share price over the past six months. Vivendi said the acquisition of Gameloft supports its strategy to expand in the content and media sectors. The bid is expected to face opposition from the Guillemot family, which founded Gameloft and is its second-largest shareholder. The family has been increasing its stake since Vivendi started acquiring shares last autumn.

Tags: makes bid takeover vivendi

Category:Telecommunications

Latest from this category

All news

»
06.11Hurricane Rafael Update Statement
06.11Summary for Hurricane Rafael (AT3/AL182024)
06.11Warning millions will struggle to pay water bill rises
06.11Atlantic Tropical Weather Outlook
06.11Tropical Storm Rafael Graphics
06.11Tropical Storm Rafael Public Advisory Number 9A
06.11Summary for Tropical Storm Rafael (AT3/AL182024)
06.11Eastern North Pacific Tropical Weather Outlook
More »