Activision Blizzard parent faces credit drought

Wednesday, 14 December 2011 22:24 GMT By Brenna Hillier

Bloomberg reports Activision Blizzard majority stake holder Vivendi has been denied a $1.34 billion credit line as lenders shy away from companies enmeshed in the Eurozone financial crisis. Vivendi has gone so far as to reduce its stake in one of the world’s biggest publishers to 60% in order to keep its credit rating high, but its overtures have been met with demands for interests rates 90 basis points above standard.

Thanks, GamePolitics.