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Vivendi still considering sale of majority stock in Activision – report

Friday, 7th September 2012 14:20 GMT By Stephany Nunneley

Vivendi is still weighing its options regarding the sale of it’s majority stock in Activision, according to a CVG source close to the matter.

According to the source, the sale of Activision-Blizzard “absolutely remains under consideration,” despite Vivendi finance director Philippe Capron stating otherwise last week.

Capron had said the firm was no longer considering a “straight break-up” between its media and telecoms operations, stating that the firm “does not have to sell anything or do anything immediately,” in order to pay off €14 billion in debt and bring share values back up.

Selling it’s majority stake in Activision-Blizzard would provide Vivendi with €8 billion to pay towards its debts.

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2 Comments

  1. OlderGamer

    If they are going to sell, I think they should. But draging it out is prolly a bad idea, not only for Vivendi, but for the industry as a whole. I just wonder if they will be able to find a buyer that can or would want to front that kind of price.

    Because of the nature of the game biz, I don’t think any company is worth that much. You estentialy have to prove yourself with each new game release. And in the case of a studio sale or restructure, alot of times the talent jumps ship. And without the talent the studio isn’t the same, and the value gone.

    #1 2 years ago
  2. DSB

    They’re only ever going to sell at below market price, and I think they’re getting lowballed to the point where it isn’t worth the grief.

    #2 2 years ago

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