0
General

Vivendi asks two banks to look into Activision sale - report

Wednesday 18 July 2012 | 10:16 CET | News
French entertainment and telecom group Vivendi has hired Goldman Sachs and Barclays to explore the possible sale of US videogame subsidiary Activition Blizzard, reports the Wall Street Journal, citing people familiar with the matter. Vivendi owns a 61 percent stake in Activision Blizzard, which has around USD 13.4 billion of market capitalisation. According to the sources, the banks have contacted a range of suitors including other game companies and private equity firms. The same people said that Activision Blizzard has asked JP Morgan Chase and Allen & Co to advise it on the possibility of

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Categories: General
Companies: Activision Blizzard / Maroc Telecom / Vivendi
Countries: France / United States
::: add a comment

Add comment

Please login or register to leave a comment.

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

France Telecom CEO expresses interest in Maroc Telecom

Published 05 Dec 2012 11:31 CET | Morocco
An acquisition of Vivendi unit Maroc Telecom by France Telecom could be "strategically interesting", France Telecom CEO Stephane ...

Vivendi mulls sale of Maroc Telecom stake - report

Published 10 Oct 2012 11:09 CET | World
Vivendi is exploring the sale of its 53 percent stake in Maroc Telecom, Reuters reported, citing sources familiar with the ...

Vivendi rules out splitting into telecoms, media entities

Published 31 Aug 2012 09:54 CET | World
French telecoms and entertainment group Vivendi intends to decide before next spring whether to sell subsidiaries to pay down its ...

Vivendi sounds out potential buyers for Activision - report

Published 09 Jul 2012 10:30 CET | World
French telecoms and entertainment conglomerate Vivendi has asked a bank to unofficially start sounding out potential buyers of ...

Vivendi may split media assets from telecoms - report

Published 04 Jul 2012 07:29 CET | France
French media and telecoms group Vivendi is likely to be planning a major restructuring to release shareholder value from its many ...

Vivendi posts Q1 revenues down 0.9% to EUR 7.12 billion

Published 15 May 2012 07:59 CET | France
Vivendi reported revenues down 0.9 percent to EUR 7.12 billion in the first quarter, compared with EUR 7.18 billion in the ...

Vivendi denies considering breakup

Published 26 Apr 2012 09:18 CET | France
Vivendi is in the early stages of an internal review that could result in Universal Music Group and Activision Blizzard being ...