Vivendi Looking to Sell Off Activision Blizzard
Vivendi has a 61% stake in Activision Blizzard. Microsoft and Time Warner had been approached about a potential sale of Activision Blizzard, currently estimated to be worth approximately $13.4 billion. Another potential option would be for Activision Blizzard to take back their stake of the company, though they currently only have $3 billion in cash. If they did try to buy back ownership of their company they would likely have to take out loans to pay for the rest. It is more likely that Vivendi would continue to look at outside investors as they would be more apt to give them a premium on the shares of stock.
Vivendi has made the statement, "We continue to look at all the options." Vivendi will be reportling its earnings for the first half of the fiscal year on August 30, 2012. Activision Blizzard will reveal its second quarter results on August 2, 2012.