Report: Vivendi Taps Goldman Sachs and Barclays To Sell Off Activision Blizzard Holdings

July 19, 2012 -

According to a Wall Street Journal report Vivendi has tapped two investment banks to help it sell off the assets of Activision Blizzard. Vivendi wants to unload its majority stake in the company responsible for Call of Duty and World of Warcraft, which WSJ estimates is worth $8.1 billion.

Vivendi is being assisted by Goldman Sachs Group and Barclays PLC, who are reportedly approaching potential buyers on behalf of Vivendi. One of the prevailing rumors is that Activision Blizzard might buy itself out. Other potential buyers include Disney, Microsoft, Tencent, and Nexon - though these companies are unlikely to make such a large purchase. As Wedbush analyst Michael Pachter pointed out earlier in the month, it is unlikely that Vivendi will be able to find a buyer.

Vivendi currently owns 61 percent of Activision Blizzard.

Source: Wall Street Journal (registration required) by way of Polygon


Comments

Re: Report: Vivendi Taps Goldman Sachs and Barclays To Sell ...

I hope Nintendo buys them.

--- With the first link, the chain is forged.

Re: Report: Vivendi Taps Goldman Sachs and Barclays To Sell ...

Goldman Sachs? One of the companies responsible for the recession and possibly guilty of insider trading?

Re: Report: Vivendi Taps Goldman Sachs and Barclays To Sell ...

I hope they lose the money......


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