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Report – Vivendi considering Brazilian GVT sale instead of Activision

Thursday, 19th July 2012 20:06 GMT By Stephany Nunneley

Instead of selling its shares in Activision, Vivendi is instead considering selling Brazilian telecommunications giant Global Village Telecom instead, which would bring the firm somewhere between $8.59 to $10.42 billion in change. Apparently, there are more interested buyers for Brazilian GVT than Activision, which is deemed too expensive for the open market, according to Reuters. Yesterday, a WSJ report claimed Vivendi has enlisted the help of Barclays and Goldman Sachs in order to find a buyer for its 61% stake in Activision.

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1 Comments

  1. sg1974

    Selling a good asset in a rising market to save an asset in a falling market.

    With ideas like that, you now know why Vivendi is in trouble.

    #1 2 years ago

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