Smart move to do the secondary! It gave insiders who wanted to sell a chance to pull some out without tanking the stock and it made the first lockup a moot point. I bet no one will notice when the fourth of July comes about and the real lockup window opens up. This shows me that wall street has finally figured things out.
You are right, content is king and GameLoft definitely has its share of content. It appears that they are already partnering with GameLoft but I suspect that a buyout is unlikely:
From recent press: Microsoft and Gameloft have teamed up once again to offer Windows Phone users free stuff worth $90. In order to be eligible for this promotional offer, all you need to do is buy a Lumia smartphone...
FYI, GameLoft is already 20% cheaper than when you posted. If anyone wanted to buy them then they'd probably have already done it, but at this rate it may be worth waiting a bit longer.