Vivendi to Raise $1.4 Billion in New Bond Issue
That's a lot of cash.
Vivendi is busy raising money, according to this press release from GamesIndustry.biz.
Vivendi has announced that it plans to raise around USD 1.4 billion in a US bond issue, in order to help finance its acquisitions of fellow publisher Activision and French telecoms company Neuf Cegetel.
According to a Forbes report the motives behind the bond issue revolve around a desire to rebalance the structure of its debt, which to date had revolved around bank debt, and increase the length of the average loan maturity.
Read more at GamesIndustry.biz.