Vivendi teams up with banks to sell $8.1 billion stake in Activision Blizzard

Vivendi is teaming up with two investment banks to help sell its majority stake in Activision Blizzard.

Vivendi is being assisted by two investment banks to help broker the sale of its majority stake in Call of Duty publisher Activision Blizzard, currently standing at $8.1 billion, the Wall Street Journal reports.

Both Goldman Sachs Group and Barclays PLC are approaching potential buyers on behalf of Vivendi. While it is unknown who Vivendi will sell to, it is rumored Activision Blizzard itself will buy out the company's stake, despite its cash reserves being under the asking price at $3 billion. Other potential buyers include Disney, Microsoft, Tencent, and Nexon.

Should the company fail to attract a buyer, Vivendi may sell a partial holding on the open market. Wedbush analyst Michael Pachter stated earlier in the month that Vivendi will have difficulty finding buyers.

"The problem is there are no readily apparent buyers for Activision. The only option left to Vivendi is to lever up Activision's balance sheet and pay out all of its cash as a dividend, then spin the company off."

Vivendi currently owns 61 percent of the publisher and is attempting to restructure and boost its stock price after a nine-year low.

More from Polygon

Dark Souls 2: Crown of the Old Iron King Overview

  • Pillars of Eternity builds on role-playing classics

  • Tour the 1 KB hard drive built inside Minecraft

  • Diablo 3 - Xbox One vs. PC comparison

  • Enemy Starfighter: Homeworld from inside a fighter

Latest Discussions

X
Log In Sign Up

forgot?
Log In Sign Up

Please choose a new Polygon username and password

As part of the new Polygon launch, prior users will need to choose a permanent username, along with a new password.

Your username will be used to login to Polygon going forward.

I already have a Vox Media account!

Verify Vox Media account

Please login to your Vox Media account. This account will be linked to your previously existing Eater account.

Please choose a new Polygon username and password

As part of the new Polygon launch, prior MT authors will need to choose a new username and password.

Your username will be used to login to Polygon going forward.

Forgot password?

We'll email you a reset link.

If you signed up using a 3rd party account like Facebook or Twitter, please login with it instead.

Forgot password?

Try another email?

Almost done,

By becoming a registered user, you are also agreeing to our Terms and confirming that you have read our Privacy Policy.
Spinner.vc97ec6e

Authenticating

Great!

Choose an available username to complete sign up.

In order to provide our users with a better overall experience, we ask for more information from Facebook when using it to login so that we can learn more about our audience and provide you with the best possible experience. We do not store specific user data and the sharing of it is not required to login with Facebook.

tracking_pixel_5353_tracker