Tag Archives: vivendi
Thu, Sep 19, 2013 | 04:47 BST
The Delaware Chancery Court has issued an injunction preventing Activision Blizzard and Vivendi from closing a deal that would see the twin publisher go independent of its French overlord.
Fri, Jul 26, 2013 | 16:14 BST
Activision Blizzard became an independent company last night, after it bought back the majority of its shares held by former parent company Vivendi which now, only holds a 12% stake. This is, according to Robert W. Baird & Co analyst Colin Sebastian, a “win-win-win” for all parties involved – despite a decrease in WoW subs.
Mon, Jul 22, 2013 | 05:50 BST
Vivendi’s board will meet today to sign off on whether or not to push Activision Blizzard into debt in order to finance its own operations, according to Wall Street rumours.
Mon, Jul 08, 2013 | 07:44 BST
Unable to sell off Activision Blizzard, majority owner Vivendi is said to be considering a raid on the twin publisher’s capital.
Tue, May 14, 2013 | 21:29 BST
Vivendi is looking to sell some of its stake in Activision-Blizzard in order to refocus on its media holdings, according to a WSJ report.
Fri, Sep 07, 2012 | 14:20 BST
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.
Thu, Jul 19, 2012 | 20:17 BST
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.
Wed, Jul 18, 2012 | 17:53 BST
The Wall Street Journal is reporting Vivendi is looking for bankers to help broker a deal with parties interested in acquiring its 61% share in Activision. According to the report, Vivendi is in talks with Goldman Sachs and Barclays. It was revealed last week that if a buyer isn’t found, the firm may have to post its shares on the open market.
Sat, Jul 14, 2012 | 13:45 BST
Bloomberg’s reporting that Vivendi’s having a hard time selling its stake in Activision. According to sources close to the matter, the companies Vivendi has had discussions with either don’t have $8.1 billion lying around, or the companies with the funds to spare aren’t interested. Discussions with Disney, Microsoft, Tencent, and Take Two have all taken place, and while Nexon is interested, it can’t afford Activision. Bloomberg said the only option Vivendi has should a buyout fall through is to put its shares on the open market which would cause share prices to plummet due to over supply and little demand for the stock. Additionally, with the games industry in a huge financial funk, many investors may shy away from purchasing stock in the company. You can read more on the financial site’s theories through the link.
Wed, Jul 11, 2012 | 19:43 BST
Tue, Jul 03, 2012 | 04:58 BST
Fri, Jun 29, 2012 | 21:36 BST
Bloomberg has issued a report which states Vivendi plans to sell its 61% majority stake in Activision Blizzard, which is worth around $8.1 billion. Vivendi will sell a partial stake on the open market, said a source close to the matter, should a buyer not be found. The Paris-based chairman of the firm, Jean-Rene Fourtou, is facing ever increasing pressure from investors to restructure Vivendi in order to boost its stock prices – which are at a nine-year low. A spokesperson for Vivendi was unavailable for comment, and Activision declined comment. Speculation regarding the sale has reached a fevered pitch over the last 24 hours, and the Forbes report is just the latest in the string.
Fri, Jun 08, 2012 | 00:32 BST
Vivendi will decide whether it will sale all or part of its 61% stake in Activision during an annual, senior executive meeting later this month in Corsica.
Sat, May 12, 2012 | 20:19 BST
Al Lowe is determined to make things right with fans of Leisure Suit Larry after years of less-than-stellar sequels have sullied the poor little fella’s name.
Thu, Mar 01, 2012 | 22:21 GMT
Vivendi has revealed a year-over-year profit increase thanks to Activision-Blizzard’s “exceptional profitability” with Call of Duty: Modern Warfare 3 and the publisher’s 2011 financial performance.
Wed, Dec 14, 2011 | 22:24 GMT
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.
Wed, Nov 16, 2011 | 00:02 GMT
Activision Blizzard’s majority owner Vivendi has sold off a portion of its stock, reducing its stake in the publisher to 60%.
Wed, Aug 31, 2011 | 19:56 BST
Vivendi, Activision-Blizzard’s majority shareholder, has posted its financial results for the first half FY11, and it finds the firm with increased revenues and earnings thanks to record digital sales of Blizzard games which are up over 20 percent year-over-year. The firm also noted that ActiBlizz bought back close to 43 million shares of its common stock for $479 million, leaving Vivendi with a 63 percent share in the company. More on Gamasutra.
Wed, Mar 30, 2011 | 03:27 BST
Producer Chris Mahnken has blamed timing, tight schedules and management changes for the failure of Irrational Games’ Tribes: Vengeance, the critically-acclaimed game notorious for putting a nail in the series’ coffin.
Wed, Jan 13, 2010 | 21:37 GMT
In this month’s issue of Game Informer, the mag sat down with Irrational’s Ken Levine to chat about Division 9 – a zombie shooter that was scrapped by the firm.
The game would’ve put players in the middle of a zombie infested environment complete with co-op gameplay, “scarce resources, base-building, and strategic rescues” to content with. Sound familiar?