Vivendi Selling $866 Million in Activision Blizzard Stock

May 22, 2014 - GamePolitics Staff

French media conglomerate Vivendi announced this morning its plans to sell half of its stake in video game publisher Activision Blizzard. This latest sale of holdings in the company will likely be used to pay down debts and focus its business on its music and media properties. Last month the company agreed to sell its SFR mobile phone unit in France to Altice and a controlling stake in African telecommunications company Maroc Telecom to Etisalat last year.

Vivendi said Thursday that it would sell around 41.5 million shares of Activision Blizzard, representing about 5.8 percent of the video game maker’s shares. Based on Wednesday’s closing price, that stake is worth an estimated $866 million.

After selling those shares, Vivendi will own around 41.5 million shares in Activision Blizzard. Vivendi said it intends to sell the rest of its holdings at a later date.

The stock deal is expected to close by May 28.

Source: NYT


Comments

Re: Vivendi Selling $866 Million in Activision Blizzard Stock

WOW is dieing and Daiblo 3 is broken and online only n wonder they are jumping ship....


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Re: Vivendi Selling $866 Million in Activision Blizzard Stock

Yeah, we've been hearing "WoW is dying" ever since Burning Crusade was announced.

Re: Vivendi Selling $866 Million in Activision Blizzard Stock

Well, it is dying. It is just a very slow and painful death. They have lost users year over year for about 5 years now. There is no sign that will ever reverse.

Re: Vivendi Selling $866 Million in Activision Blizzard Stock

World of Warcraft is winding down and the only new things they've come up with is what people do not like. It's sort of why Casuals flocked to WoW in the first place. Now Blizzard is doing its own thing and forgetting about its customers and doing a Bioware unless they turn it around Blizzard is in for some hard times. 

Re: Vivendi Selling $866 Million in Activision Blizzard Stock

Deja vu? Didn't we go through this last year?

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