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Rumour: Vivendi To Sell Stake In Activision

Worth lots of money.

Rumours this evening are circulating that Vivendi is to attempt to sell its 61% stake in Activision. The stake is worth over $8 billion.

If no buyer is found for the publisher, the French-based company will then sell a partial stake on the open market, according to Bloomberg’s anonymous source.

Vivendi is under pressure from investors to “restructure the company and boost the stock price from a near nine-year low” according to the report.

An spokeswoman for Activision had no immediate comment.

Source: Bloomberg, thanks MCV.

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12 Comments
  1. cc_star
    Team TSA: Writer
    Since: Forever

    Not sure who could be a buyer for that sized share of it, wouldn’t be surprised to see them breaking it down.

    Comment posted on 29/06/2012 at 22:23.
  2. IAmJacksMedullaOblongata
    Member
    Since: Nov 2011

    It’s actually Activision-Blizzard they’re looking to offload, not just Activision.

    Comment posted on 29/06/2012 at 23:21.
  3. Awayze
    Member
    Since: Jul 2010

    Get rid of them before they start to make losses. Seriously, what other decent games that actually make a profit do Acti publish except COD? COD’s dying anyway, MW2 is still PS3’s best selling COD.

    Comment posted on 29/06/2012 at 23:23.
    • An-dz
      Member
      Since: Oct 2010

      Well Blizzard certainly makes alot of money for them, they still have WOW, Starcraft and Diablo 3. Probally 3 of the biggest games on PC still. The Activision part hasnt made anything that i have bought in ages though

      Comment posted on 29/06/2012 at 23:32.
    • IAmJacksMedullaOblongata
      Member
      Since: Nov 2011

      Skylanders made a shit tonne. Spiderman and Transformers also sell well.

      Comment posted on 29/06/2012 at 23:57.
  4. gazzagb
    Master of speling mitakse
    Since: Feb 2009

    If you look at how EA have lost 50%, its a wonder to see Acti remaining so strong in these poor economic times.

    Comment posted on 29/06/2012 at 23:38.
    • cc_star
      Team TSA: Writer
      Since: Forever

      Because they make the correct business decisions, if they fail… they fail quickly & move on, look at the closing down of Bizarre Creations & Radical Entertainment.

      Investors have confidence that Activision-Blizzard will return value to them, well… at least as much as the rest of the tech market as a whole, looking at how ActiBliz hasn’t collapsed compared to EA & everyone else within gaming.

      Comment posted on 30/06/2012 at 11:03.
  5. TSBonyman
    Member
    Since: Dec 2009

    I guess the whole W&Z/Infinity Ward case contributed to their current situation but wasn’t it E3 last year where instead of a press conference like the other publishers, Activision held a presentation/party celebrating how profitable the company was?.. or was that the previous year..

    Comment posted on 29/06/2012 at 23:56.
    • IAmJacksMedullaOblongata
      Member
      Since: Nov 2011

      The law case had no effect of projected profits or share price.

      In other words, it did not have a big enough effect for them to have to revise projections, something they are obliged to do by law if something comes along (like a lawsuit) that means their original figures are now wrong.. So, no, the case has nothing to do with this story.

      This has nothing to do with Activision-Blizzard’s profitability and more to do with Vivendi wanting to offset some of their annual losses by selling up.

      Comment posted on 30/06/2012 at 00:02.
      • TSBonyman
        Member
        Since: Dec 2009

        Are you always right!? ;)
        Yeah,I forgot for a moment that they settled and thus had avoided any potential harmful impact from the case.

        Comment posted on 30/06/2012 at 00:43.
      • cc_star
        Team TSA: Writer
        Since: Forever

        It takes both parties to settle, if W&Z were confident of winning their billion & the rights to the franchise in a modern & future setting they would surely have declined & proceeded with the case.

        ActiBliz have a duty to the market to report financial issues & they announced the settlement amount was broadly the same as savings they had made within the quarter, so although they’d sooner have returned the savings to investors, it was nothing to knock them out of their stride even within the financial year, never mind the long-term.

        Action represents the last gaming company that hasn’t seen a collapse over the past 12m… It would be an odd ‘gamer’ that wishes it upon them.

        Comment posted on 30/06/2012 at 11:09.
      • IAmJacksMedullaOblongata
        Member
        Since: Nov 2011

        Not always right, no.
        :)
        Some things are very straightforward, though, and I get that people don’t like certain publishers for whatever (often misguided or at least misinformed) reasons but I comment when I think people are putting 2 and 2 together and are coming up with custard.

        I don’t understand the desire for big publishers to fail. If they do, that just means a lot of great games simply would not be made. I love indie, too, but I’m not shortsighted enough to say this industry would be great if every developer was self-publishing on Kickstarter.

        Comment posted on 30/06/2012 at 17:56.

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