Vivendi Seeks Buyers for Activision
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.
Goldman Sachs Group Inc. and Barclays are helping Paris-based Vivendi assess its options around Activision Blizzard, which has a market capitalization of about $13.4 billion. Vivendi owns a 61 percent stake through a 2008 merger of its gaming unit, Blizzard Entertainment, with Activision.
