Gameloft

Vivendi-owned mobile game publisher Gameloft reported an effective 5. 4 per cent drop in revenue in the first half of 2018 due in part to lower advertising revenue, alongside fewer monthly and daily active users.

The Guillemot family, which founded Ubisoft, raised its stake in the game publisher in a move meant to stop Vivendi from attempting a hostile takeover. According to a stock market filing, the Guillemot family now holds 13.

Vivendi reiterrated a long term commitment to “create significant value” for the customers, employees and shareholders of Telecom Italia, as it revealed Q1 2017 earnings.

French game publisher Gameloft’s board members resigned following Vivendi’s takeover, claiming they didn’t agree with the latter’s “strategic vision and managerial values”.

Vivendi announced it now owns 95.9 per cent of the share capital and 95.77 per cent of the voting rights of French game publisher Gameloft, following the closing of a public tender offer that had been reopened from 2 June 15 June.

Gameloft's founding Guillemot family, which tried to fend off Vivendi’s hostile takeover efforts, said that it would sell its stake to the media giant, Reuters reported.

Vivendi said “it is very pleased” with the success of its public tender offer for shares of Gameloft, thanks to which it has 61.71 per cent share capital and at least 55.61 per cent voting rights for the French game publisher, which lost an appeal to suspend the offer.