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Vivendi SA considering sale of Activision-Blizzard - report

Vivendi SA considering sale of Activision-Blizzard - report

Thu 07 Jun 2012 2:39pm GMT / 10:39am EDT / 7:39am PDT
Business

Sources claim that the move will be discussed at an executive meeting this month

Activision Blizzard

Headquartered in Santa Monica, California, Activision Blizzard, Inc. is a worldwide pure-play online...

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The French media conglomerate Vivendi SA will host a senior executive meeting in Corsica later this month to discuss the sale of its 61 per cent stake in Activision-Blizzard.

According to a report on Bloomberg, based on the testimony of several anonymous sources, the goal of the meeting is to discuss strategies to combat the steady decline in its stock price, which has fallen from around €19 to around €13 in the space of a year.

Since the publication of the Bloomberg story, Vivendi's share price has increased by as much as 69 cents to €13.80. However, a spokesman for the company has claimed that the executive meeting has taken place annually since 2005, and there is no fixed agenda for this year.

Vivendi owns a number of media companies, including the Canal+ Group, the Universal Media Group, and telephone operators in France, Morocco and Brazil. Activision-Blizzard is Vivendi's fourth largest unit, but its second fastest growing after the Brazilian phone operator GVT.

The company is also thought to be considering splitting in half, with its media units (Universal Music Group, Activision-Blizzard, Canal+) in one part, and its telecomms units (SFR, GVT, Maroc Telecomm) in the other. However, the sources that the sale of one unit would be preferred over a more radical structural overhaul.

5 Comments

what does it all mean.....

Posted:A year ago

#1

Matt Armstrong
Design Director

10 23 2.3
I was just asking myself the exact same question...

Posted:A year ago

#2

Rick Lopez
Illustrator, Graphic Designer

1,205 817 0.7
Now maybe Activision can make a game thats are not call of duty and blizzard can start making games that dont require to be online to play.

Posted:A year ago

#3
They would definitely fetch a pretty penny (but also be a big loss to Vivendi on sale). Imagine Apple, Google, Ninty or MS buying them... (sorry Sony, no money!).

Posted:A year ago

#4

Jamie Knight
International Editor in Chief

45 20 0.4
whats wrong with Call of Du...LMAO sorry couldn't even get through that :)

Posted:A year ago

#5

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