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