Vivendi has increased its stock in Gameloft, resulting in a battle for control of the mobile studio.
The media giant – and previous owner of Activision Blizzard – has now acquired more than 30 per cent of Gameloft's stock, meaning it must now attempt to takeover the firm with a sensible offer, as dictated by French law.
Gameloft is led by Michel Guillemot, the brother of Ubisoft CEO Yves. Vivendi purchased 15 per cent of Ubisoft's stock last year, as well as upping its investment in Gameloft. Yves referred to Vivendi's attempted takeover of Ubisoft as unsolicited and unwelcome”.
"Vivendi intends to offer Gameloft new development levers, both industrial and financial [and] is convinced that, as with its other businesses, the key to success for a company such as Gameloft is the development of its creative content and talent," the firm said in astatement.
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