Thursday, June 7, 2012

Vivendi 'considers sale of Activision Blizzard'

New report claims executives are weighing options for the Call of Duty publisher
Vivendi, a Paris based multimedia conglomerate with interests in music, television and other entertainment, is believed to be considering whether it should sell off its Activision equity in whole or in part.
Either scenario would trigger a significant impact on Activision's business and structure.
Spokespersons for Activision and Vivendi have declined to comment on the unverified report, which was published by Bloomberg .
Activision is considered the biggest core games publisher in the west with a market value of about $13 billion.
It's parent company Vivendi, however, has endured a troubling twelve months where its share price has declined by 28 per cent.
Activision revenues stood at$4.76 billion last year, with operating profit at $1.3 billion.

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