Vivendi Testing Waters For Sale of Stake in Activision Blizzard (ATVI)
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Reuters is stirring the pot again today with reports Vivendi is beginning to have bankers test the waters with regards to the sale of it's stake in Activision Blizzard (Nasdaq: ATVI). StreetInsider has reported on this rumor for well over a month, but more data from a recent report suggests that bankers are talking to large, liquid players such as Time Warner (NYSE: TWX), Microsoft (Nasdaq: MSFT), private equity firms KKR (NYSE: KKR), Blackstone (NYSE: BX) and China's Tencent.
Vivendi currently owns a 60% stake in ATVI and the report cites a $10 billion price tag. However, ATVI's total market cap is $13.28 billion.
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Vivendi currently owns a 60% stake in ATVI and the report cites a $10 billion price tag. However, ATVI's total market cap is $13.28 billion.
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