Goldman Sachs and Barclays PLC Reportedly Aiding Vivendi in Activision Sale

Vivendi has enlisted two investment banks to aid in offloading its shares of Activision Blizzard.

More news surfaced today regarding VivendiÂ’s hopes to offload its shares of Activision Blizzard. Vivendi has reportedly enlisted the aid of Goldman Sachs Group Inc. and Barclays PLC to assess its options in selling off some or all of its 61% stake in the game publisher according to the Wall Street Journal.

Vivendi SA is working with two investment banks to explore the sale of videogame giant Activision Blizzard Inc., in which the French conglomerate owns a majority stake, people familiar with the matter said.

Rumors surfaced last month that the French-based company was considering the sale of some or its entire stake in Activision followed by reports that talks with Microsoft and others were pitched without much success. And with the colorful history of Goldman Sachs, what could possibly go wrong? Stay tuned and weÂ’ll update you when we have more.

via CVG
Source: The Wall Street Journal

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