France's Vivendi said on Friday that it planned to sell 85 percent of its stake in Activision Blizzard Inc to the video games maker and its management for $8.2 billion, its second blockbuster deal in the past week. Vivendi is selling the shares for $13.60 each, a 10 per cent discount to Activision's closing price on Thursday. After the deal, Vivendi will retain a stake of 83 million shares, or 12 per cent of the video games maker best known for the Call of Duty series and online multi-player game World of Warcraft. The move follows weeks of speculation that the French ...
Vivendi plans to sell 85% of Activision stake for $8.2 bn
Vivendi is selling the shares for $13.60 each, a 10 per cent discount to Activision's closing price on Thursday
Reuters |
First Published: Fri, July 26 2013. 23:39 IST
This article is no longer available in our repository.
There could be multiple reasons for this.
You could try searching for this headline on the source website (reuters.com).