Report: Activision Blizzard Interested in Buying Back Some of Vivendi's Holdings in Company

May 15, 2013 -

Activision Blizzard majority stakeholder Vivendi is still interested in selling off the 61.2 percent it owns in the company but according to the Wall Street Journal, Activision Blizzard would like to buy back some of it. The WSJ reports that Activision Blizzard management is interested in using some of the cash reserves it has managed to stockpile to buy back at least some of what Vivendi owns. This is probably a good idea since Vivendi has been looking to offload its stake in the company since last year.

Vivendi has had a controlling interest in Activision Blizzard since 2008 when an $18.9 billion merger piled Blizzard Entertainment and Vivendi Games into one company with Activision.

Vivendi tried to sell its stake - estimated at $8 billion - last year but no one seemed to be interested in spending that much money.

The report does not detail just how much of that 61.2 stake Activision Blizzard would want or could afford to buy back...

Source: WSJ (membership required) by way of GII.

 


 
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