Vivendi raises Gameloft offer to EUR 7.20 a share

News Wireless Global 1 MRT 2016
Vivendi raises Gameloft offer to EUR 7.20 a share

Vivendi has raised the price of its proposed public tender offer for Gameloft shares to EUR 7.20 per share. On 18 February, the group had announced its intent to launch an offer for Gameloft shares at EUR 6 per share. Vivendi already holds 30 percent of Gameloft, which earlier rejected Vivendi’s takeover bid as being against its interests and financially insufficient. All other details of the public tender offer are the same.

In a related move, Vivendi announced that it now holds 15.66 percent of the share capital of Gameloft’s sister company Ubisoft. Vivendi informed financial markets authority AMF that it has passed the 15 percent threshold.

Categories:

Mobile

Companies:

Gameloft,  Vivendi,  Ubisoft

Regions:

Global

Tags:

Games, Wireless, M&A buyouts & divestments

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