The parent company Vivendi would sell 61% for 8.1 million dollars.
Although earlier this month we told you about rumors that pointed to Vivendi would be considering selling Activision Blizzard to get cash after the poor performance of other parts of the conglomerate, and the company denied it, rumors again resurfaced.
Vivendi owns companies such as Canal + Group, Universal Media Group in the audiovisual and telecommunications companies in Morocco (Maroc Telecomm), Brazil (GVT) and France (SFR). Activision Blizzard, the video game giant, is the fourth largest division of the company.
As reported by Bloomberg citing sources close to the company, Vivendi is seeking a buyer for Activision Blizzard to the tune of 8.1 million dollars, which the buyer would acquire 61% of that division.
If the company can not find a buyer, it would sell those shares on the stock market. This would satisfy the strong pressures that Jean-Rene Fourtou chairman of Vivendi is undergoing, by investors to increase the value of its assets now that the company is at its lowest point in nine years.
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