Vivendi selling 61 percent stake in Activision Blizzard worth $8.1 billion

Vivendi is attempting to sell off 61 percent of shares in Activision Blizzard.

Media bigwig Vivendi is looking to sell 61 percent of its stake in publisher Activision Blizzard, valued at $8.1 billion.

As reported by Bloomberg, if the firm fails to find a buyer for the stake, Vivendi will sell some of its shares in the company on the open market.

Despite Activision's successes with the Call of Duty series and World of Warcraft, Wedbush analyst Michael Pachter believes Vivendi will have difficulty finding buyers.

"The problem is there are no readily apparent buyers for Activision," Pachter told Bloomberg. "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."

In 2007, Vivendi announced a merger worth $18.9 billion between its games group and Activision.

Vivendi is currently attempting to restructure and boost its stock price after a nine-year low.

More from Polygon

Hearthstone - Plague Quarter gameplay video

  • A guided video tour of an Unreal Tournament map

  • Freedom Planet gameplay video

  • Adventure Time trailer

  • Hearthstone: Naxxramas Overview

Latest Discussions

X
Log In Sign Up

forgot?
Log In Sign Up

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