Gameloft sees Amber Capital increase stake to 15% hoping for white knight or improved bid
Gameloft [EPA:GFT], the listed French mobile games developer, saw hedge fund Amber Capital announce that it has increased its shareholding in the company to 14.62%.
A report from French daily Les Echos said that the announcement was made to stock market regulator AMF.
Gameloft has received an unsolicited takeover offer from Vivendi [EPA:VIV] at EUR 7.20 per share.
According to the report, which did not reveal its source of information, Amber is hoping for an improved bid from Vivendi or the arrival of a white knight.
Les Echos