Rumor – Vivendi expected to sell Activision stock for $8.1 billion
1500 Kicks

Rumor – Vivendi expected to sell Activision stock for $8.1 billion

Bloomberg has issued a report which states Vivendi plans to sell its 61% majority stake in Activision Blizzard, which is worth around $8.1 billion. Vivendi will sell a partial stake on the open market, said a source close to the matter, should a buyer not be found. The Paris-based chairman of the firm, Jean-Rene Fourtou, is facing ever increasing pressure from investors to restructure Vivendi in order to boost its stock prices – which are at a nine-year low. A spokesperson for Vivendi was unavailable for comment, and Activision declined comment. Speculation regarding the sale has reached a fevered pitch over the last 24 hours, and the Forbes report is just the latest in the string.

Read More...

vg247.com

Contributor: vg247.com   Posted: Jun 29, 2012 at 4:28pm
Gaming Category: Gaming News
Tags: ,

You may also like:

     
 

[qa id=324535]