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Vivendi’s Hostile Gameloft Bid Has Majority Shareholder Backing

  • Vivendi has been pledged 62% of the capital and 56% of votes
  • Bollore secures first victory over gamemaking Guillemot family

Vivendi SA’s hostile bid for Gameloft SE won majority shareholder backing, handing Vincent Bollore his first victory over the Guillemot brothers, which run the French mobile gamemaker and its larger sister company, Ubisoft Entertainment.

A total of 28.2 million Gameloft shares have been tendered to Vivendi’s offer, representing about 62 percent of the capital and 56 percent of the votes, French stock market regulator AMF said in a regulatory notice Tuesday, citing preliminary results. Some Gameloft shares offer double voting rights.