Vivendi Trims Activision Stake; Video Game Sector Sinks

Vivendi has sold 35 million shares of Activision Blizzard, reducing its stake in the video game publisher by about 3 percentage points to 60%. Reuters estimates that the sale generated proceeds of about $426 million. A spokesman told Vivendi that the sale was ?a tactical disposal with regards to our overall capital structure,?

Topics:  activision blizzard   reuters   vivendi   stake   video game   sale   million   

 

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Business News