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Vivendi turns down new offer for VU Games - report

French newspaper Les Echos has reported that Vivendi has refused a substantial new offer for the Vivendi Universal Games business unit, and is still hoping to realise a billion dollars from the sale of the division.

French newspaper Les Echos has reported that Vivendi has refused a substantial new offer for the Vivendi Universal Games business unit, and is still hoping to realise a billion dollars from the sale of the division.

Vivendi recently sold the bulk of its entertainment and media assets to General Electric in a move which created one of the world's largest media conglomerates, but the videogames division of the company was not included in this deal.

According to Les Echos, the offer which Vivendi has turned down was in the region of $600 to $800 million, and came from a videogame company in partnership with an investment fund - which sounds to us like a good description of the offer which Take Two Interactive was considering several months ago.

The newspaper reports that Vivendi's decision was made because the company still hopes to realise a cool $1 billion from the sale of the unit, which includes divisions such as the Sierra publishing label and the Blizzard development studio.

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Rob Fahey

Contributing Editor

Rob Fahey is a former editor of GamesIndustry.biz who spent several years living in Japan and probably still has a mint condition Dreamcast Samba de Amigo set.