Public sale may lead to stock price drop.
By Tim Colwill on July 14, 2012 at 1:21 pm
A new report by Bloomberg suggests that Vivendi may be struggling to find a buyer for their 61 percent stake in Activision-Blizzard. At a recent conference in Sun Valley, Idaho, the Vivendi chairman Jean-Rene Fourtou admitted the sale was a “possibility” – but sources within Microsoft, Take-Two and Walt Disney are apparently not too keen on the idea, despite reports just days earlier. If a private buyer cannot be found, Vivendi may have to sell their shares publicly, which Bloomberg speculates will lead to a falling of Activision-Blizzard share prices as demand for the stock is low. Faced with uncertain times ahead, Activision’s CEO Bobby Kotick brushed off speculation when asked about a sale, commenting instead that it was “great weather”.