Vivendi Buys Out Founders of Gameloft
ITX
June 8th, 2016 4:38 pm

​Guillemot family to sell bulk of shares; Vivendi thought to be eyeing Ubisoft

Vivendi SA is set to buy out the founding family of French mobile-gaming company Gameloft SE , taking the French media and entertainment group a step closer to rebuilding its videogame franchise.

The Guillemot family said it has decided to sell the bulk of its shares “with regret” to Vivendi which last week controlled around 56% of Gameloft’s voting rights, according to the French stock market regulator. Vivendi made an unsolicited takeover approach for the games editor earlier this year.

“The family maintains that Vivendi’s hostile approach goes against the best interest of Gameloft, both for its activity and for its teams,” the Guillemot family said in a statement.

The Guillemot family held 21.7% of Gameloft’s capital on April 4.