According to a Reuters source [as cited by OXM] the debt-burdened Vivendi, who own sixty percent of Activision Blizzard, are reportedly contemplating selling Activision.
The French conglomerate has recently been placed on credit watch as its future looks unstable. Vivendi is therefore eager to prove that it is taking necessary steps to address the financial concerns and wavering share price.
“It’s nothing official yet, but they’ve asked a bank to go and talk to possible buyers for Activision,” said the “source” that is reportedly close to the Vivendi board.
A formal sale process has not yet commenced, but bankers close to Vivendi have apparently ear-marked a number of interested buyers including Tencent, Time Warner, Microsoft, KKR, Providence and Blackstone.
None of the listed companies have responded to the allegations.
