logo-loader
viewActivision Blizzard, Inc.

Vivendi in talks to sell Activision stake - sources

modern_warfare_game_350_4fface04721f7.jpg

French media company Vivendi is interested in selling its 60 per cent stake in video games publisher Activision Blizzard (NASDAQ:ATVI) which could raise as much as $10 billion, Reuters reports.

Time Warner (NYSE:TWX) and Microsoft (NASDAQ:MSFT) could be among possible bidders as well as China's Tencent.

Vivendi, whose CEO Jean-Bernard Levy stepped down last month, is anxious to prove that it is taking action to address concerns over its huge debt burden and flagging share price.

Activision Blizzard is the world's biggest video games publisher with hit games such as the "Call of Duty" fracnhise.

Activision is not considered to be among Vivdendi's the core businesses and is thought to be the easiest to offload.

Tencent and Activision have already agreed to a partnership that allows the internet and wireless services provider to offer Activision's popular Call of Duty title as a free-to-play online game in China. However, taking full ownership would remain a big
step for Tencent because the two companies have different business models.

Vivendi declined to comment on Activision and its general disposal plans but said that "every option is on the table" and that the board would take its time.

Quick facts: Activision Blizzard, Inc.

Price: 64.37 USD

NASDAQ:ATVI
Market: NASDAQ
Market Cap: $49.45 billion
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Full interview: Empower Clinics reformulates Sollievo product line to...

Empower Clinics (CSE: CBDT-OTC: EPWCF) Chairman and CEO Steven McAuley joined Steve Darling in the Vancouver studio of Proactive to bring news the company has launched a series of re-formulated versions of its CBD tincture product line Sollievo. McAuley talks about why they did it and how...

20 minutes ago

2 min read