Posts Tagged ‘money is confusing’

Vivendi Enlist (Boo Hiss) Banks To Help Shift Activision

By John Walker on July 18th, 2012.

So big, and yet so unwanted.

The Wall Street Journal (sub required) is reporting that Vivendi is starting to turn more gears to see Activision-Blizzard get sold. As we mentioned in June, the French telecom giant hasn’t had a great couple of years, while ActiBliz has been storming it. Selling off the publisher/developer could see a huge injection of cash go into the share-troubled megacorp. Holding 61% of the company, Vivendi has apparently been struggling to find a buyer, with rumours of Microsoft and Disney turning up their noses. Poor Activision – no one wants them. Now Vivendi have enlisted the help of some investment banks, says the WSJ, to help shift the business. And what lovely banks, too.

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WoW: Vivendi May Be Looking To Sell Activision-Blizzard

By John Walker on June 7th, 2012.

RARGH!

Here’s what I don’t understand: business. What a good job I partake in the running of this one, eh? Anyone want to swap RPS for some sweets? Or indeed, Activision. Remarkably, parent company Vivendi may be looking to sell Activision-Blizzard on, and this announcement has seen a drop in their share value. Not even the almighty might of Call Of Duty seems to be enough to keep the business worth keeping as far as the massive megacorp are concerned, perhaps looking for a fast injection of cash. Gamasutra reports that Bloomberg are saying the part or full sale of the company will be discussed on the 22nd June during an investor meeting in Paris.

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