Activision Blizzard stocks took a bit of a hit today following a report from Bloomberg that parent company Vivendi may be looking to sell off part or all of its entire 61% stake in the publisher. According to the report, Vivendi will discuss reorganization options and the possibility of selling off its stake in Activision during a planned meeting later this month. Gamasutra reports that the move is one that Vivendi Chairman Jean-Rene Fourtou is eager to make as a way to unlock value for certain assets.

Whatever Vivendi decides, we may learn after their planned June 22nd meeting. Stay tuned and we’ll update you when we have more.

via Gamasutra

Source: Bloomberg

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Last Updated: Mar 14, 2016

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Stacy "Martuk" Jones was a long-time news editor and community manager for many of our previous game sites, such as Age of Conan. Stacy has since moved on to become a masked super hero, battling demons in another dimension.