Barclays and Goldman Sachs to Assist Activision/Blizzard Sale

Vivendi can't do it by itself!

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Just how big of a name is Call of Duty these days? Well, you could try asking Vivendi - following reports that the corporation cannot sell its ownership of Activision/Blizzard (not even Microsoft wants to buy), it has had to call in assistance from top banks Barclays and Goldman Sachs to secure a sale of $8.1bn. To anybody, I suppose.

According to the Wall Street Journal, Vivendi's stock price also shot up since it was revealed that it was to sell the studios (reported here) behind World of Warcraft, Call of Duty and Skylanders. This may have more to do with the fact that Vivendi has a high level of debt and is siphoning off the game makers to repay what it owes.

The fact that the pair are reportedly worth around $13.4bn, and that negotiations are being prepared for $8.1bn, perhaps shows a lack of confidence in the brands associated with the third-party games publisher.

Take-Two, Warner, Disney and Chinese telecommunications firm Tencent have all reportedly been approached for a sale, but a buy-back of the 61 per cent controlling share from Activision/Blizzard itself has not been ruled out.

Source: WSJ

Comments

Jimmy 25 Aug 2012 05:23
1/1
BF3 kicks ass all activision ..will see you there all of you who will be dnchtiig activision for the better shooter BF3 and not arcade style games like MW3 .let's see you there bitches shoot a sniper .MW3 wil be full of 15 year olds .BF3 will be full of over 20 s who can afford to buy a game and a pc of course and who want to play a shooter not an arcade style 2004 game like DAMN **** ACTIVISION GAME
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