Saturday, February 20, 2016

French Media Company Vivendi Attempts Hostile Takeover Of Prolific Mobile Publisher Gameloft

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.