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Vivendi Rumored to Sell Activision-Blizzard Stake

Vive

ndi, parent company of Activision-Blizzard, has been in financial turmoil as of late. It recently fired CEO Jean-Bernard Levy for failing to improve Vivendi’s ever-declining share price. Moody’s and Fitch Ratings have been threatening to lower the company’s debt ratings, should the company fail to reduce its liabilities.

As a result, rumors abound that Vivendi is seeking a buyer for the company’s $8.1 billion stake in Activision-Blizzard because the company’s not satisfied with Activision-Blizzard’s direction. Back in 2007, Activision-Blizzard’s stock price was sitting at an all time high of approximately $38 per share. Now, it hovers around at a still-respectable, but considerably lower price of approximately $11.99 per share.

If Vivendi proves unable to find a buyer for its stake in Activision-Blizzard, it may turn to the open market to sell Activision-Blizzard stock. However, until Vivendi or Activision-Blizzard confirm this, we can only mark this entire ordeal as speculation.