Tag Archives: gameloft

Shares in both Ubisoft and Gameloft have lifted after former Activision parent Vivendi acquired a stake in the pair. Bloomberg reports that Vivendi has paid €140m for a 6.6 per cent share of Ubisoft and €19.7m for 6.2 per cent of Gameloft. Vivendi’s former interest in Activision was brought to …

Company now owns 6.6 per cent and 6.2 per cent of games firm stocks

All game development halted as 15 staff are laid off

Gameloft has reportedly closed another game development studio. Gamasutracites multiple sources that claim the company has shut down a Seattle-based office, with one source stating roughly 15 people have been laid off. The move comes less than a year after the branch opened in November 2014. It’s not clear at …

Publisher undergoing 'ambitious cost reduction program'

So far in 2015, French mobile publisher Gameloft has closed seven of its development studios. That’s according to a statement from the company’s CEO Michel Guillemot, which said that the development studios had becoming ‘unprofitable’. These closures are part of what Guillemot describes as ‘an ambitious cost reduction program’. It’s …

Scores of developers have reportedly been laid off at Gameloft Tokyo. Gamasutrareports that the layoffs have been made just weeks after the studio released its first game, mobile puzzle RPG Magna Memoria. The game’s poor performance is believed to be the cause of these job cuts. Up to 80 employees …

Reports suggest up to 80 employees let go within weeks of Magna Memoria’s release

Indie publisher takes on former Gameloft exec as chief product officer

Casual games studio Gameloft has reported positive financial results for its second quarter and first half of 2015. The French company posted a year-on-year sales increase of 15 per cent for the first half of its fiscal year, reaching €127.4m. North America accounted for 24 per cent of sales, while …