Vivendi Sells Half of its Stake in Activision Blizzard

Vivendi has decided to sell half of its remaining stake in Activision Blizzard, which amounts to roughly 6% of Activision Blizzard. The 41.5 million shares of common stock are valued at $850 million.

Although Vivendi used to own a controlling portion of Activision Blizzard stock, they sold about $5.83 billion of the stock in 2013 due to issues with their stock portfolio.

The stock sale should be completed on May 28, 2014 and Vivendi won’t be able to sell their remaining 6% of Activision Blizzard until 2015.


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