A new report suggests that Vivendi is still interested in selling its majority stake in Activision Blizzard. According to CVG, a credible source says the sale "absolutely remains under consideration" and that Vivendi is exploring its options.
CVG also reports that negotiations between Vivendi and Microsoft, who was once considered as a buyer for Activision Blizzard, “have not advanced,” while Sony “immediately ruled out” the idea of a purchase.
Vivendi owns a 61% stake in Activision Blizzard, which it acquired in 2008. Activision Blizzard’s value is currently estimated at $13.4 billion, making Vivendi’s stake worth approximately $8 billion. Due to Vivendi’s current debt, it’s been considering a sale since early June, but was later said to be finding “little enthusiasm” from buyers including Microsoft, Disney, Tencent and Nexon due to the massive amount of cash required to make the purchase.
Later reports suggested that Activision could partner with investors to buy itself back from Vivendi. Activision has only publicly commented on the sale during its second quarter 2012 earnings call last month, when CEO Bobby Kotick said “While we're unable to comment on Vivendi's behalf, we continue to remain focused on strong execution, the delivery of great games and the provision of superior shareholder returns as we have for over 20 years. Our strategy has served us very well in the past and will position us very well for the future.”
The future of the sale is uncertain for now, but while we wait for concrete information to emerge, read our thoughts on what would happen if Microsoft bought Activision Blizzard.
Andrew Goldfarb is IGN’s associate news editor. Keep up with pictures of the latest food he’s been eating by following him on Twitter or IGN.
Source : ign[dot]com
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