PARIS, February 29, 2016 / PRNewswire / –
The Board of Directors of Gameloft met this Friday, February 26, 2016 and took note of the bid project Vivendi filed with the AMF on February 18, 2016. unanimously, he found that the project of Vivendi’s offer is contrary to the interests of Gameloft, its shareholders, its employees and its customers.
This finding is based on four main reasons:
- The lack of industrial rational of this proposed merger. Since the sale there is more than one year of its games business, Vivendi, whose turnover is overwhelmingly generated by pay TV with Canal + and music with Universal Music, has no activity likely to bring synergies to Gameloft. In independent company Gameloft has all the assets in place since its creation to continue the implementation of its industrial plan to capitalize on the growth of the mobile gaming industry and in particular the very strong growth market programmatic mobile advertising. - Inadequate financial terms of the offer, in view of the intrinsic value and prospects of Gameloft, already partially reflected in the share price Gameloft. - Destabilization teams Gameloft resulting from this hostile bid and in particular its creative and very attached to their management independence of the company. - The terms of the rise in Gameloft's capital by Vivendi since September 22, 2015, who deceived and harmed the minority shareholders who sold their shares to Vivendi.
The Board of Directors will meet in due to give its opinion on the terms of the public offer in accordance with applicable regulations.
About Gameloft
A leading publisher of digital and social games, Gameloft (R) has positioned itself since 2000 as one of the most innovative companies in its field. Gameloft creates games for all digital platforms and with a monthly audience of 147 million unique players offer via Gameloft Advertising Solutions, a visibility and unique commitment to advertisers. Gameloft has its own franchises like Asphalt (R), Order & amp; Chaos, Modern Combat or Dungeon Hunter, and also works with major rights holders International including Universal, Illumination Entertainment, Disney (R), Marvel (R), Hasbro (R), Fox Digital Entertainment, Mattel (R) and Ferrari (R). Gameloft is present on all continents, distributes its games in over 100 countries and has 6,000 employees. Gameloft is listed on NYSE Euronext Paris. Gameloft is listed on the OTC market in the United States (ADR Sponsored Level 1 Code: GLOFY).
For more information, visit http://www.gameloft.com
CONTACT: Laure d'Hauteville, Deputy CFO, Laure.dHauteville@gameloft.com , + 33-1-58-16-20-40
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