Report: Vivendi still looking to sell Activision Blizzard; Sony not interested, Microsoft haggling price7 Sep 2012
Said source has claims that a Vivendi sales of Activision Blizzard still “absolutely remains under consideration”, despite Vivendi’s finance director saying last week that a break up of the company was out of the question.
News first arose of Vivendi’s plans to sale Activision Blizzard this past July, when a price tag of €10 billion was touted.
Part of Vivendi’s problem is that it has €14bn in debts and its share price has halved in the last five years since 2007. A sale of the its Activision Blizzard division could help repay the debt, but the €8 billion is proving to be an issue for potential buyers.
Of course, we’re waiting on official word from Vivendi, but that’s unlikely to arrive while negotiations are taking place.