Fri, Sep 07, 2012 | 14:20 BST
Vivendi still considering sale of majority stock in Activision – report
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.