Vivendi Trims Stake In Activision Blizzard To 60% To Raise Capital

Vivendi Trims Stake In Activision Blizzard To 60% To Raise Capital

  • Posted Wednesday, November 16, 2011 -
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French media giant Vivendi SA (VIVEF.PK) on Tuesday reduced its stake in video game publisher Activision Blizzard, Inc. (ATVI) and reportedly generated proceeds of about $426 million in capital. The majority shareholder Vivendi sold 35 million shares of Activision Blizzard at about $12.20 per share, which reduced Vivendi's stake in it to about 60 percent from 63 percent.view original article

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