Gameloft chief executive Michel Guillemot is expected to resign in the wake of Vivendi’s successful hostile takeover of the French mobile game publisher, according to a Bloomberg report.
Bloomberg said that Vivendi has gained control of more than 56 percent of Gameloft’s stock in a months-long attempt to gain control of the mobile gaming pioneer, which has had a hard time in the past year. Gameloft lost money and cut more than 500 jobs in 2015, partly because the competition in mobile gaming has become so intense.
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