Vivendi Seeks Buyers for Activision

July 17, 2012 at 3:18 pm PT

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.

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Tagged with: Activision Blizzard, Barclays, Goldman Sachs, videogames, Vivendi

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