Vivendi Considers Selling Off Activision Blizzard Stake
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 weÂll update you when we have more.