Vivendi sees cash boost from Activision Blizzard sale

The Vivendi office is seen in Paris on Wednesday, May 17, 2006.Vivendi has sold its remaining shares in US games company Activision Blizzard, in which it once held a majority stake, for US$1.1 billion (€1 billion), bringing an immediate addition to its cash pile of US$0.4 billion.

Vivendi sold 41.5 million shares in the games provider, representing a 5.7% stake, the value of which has increased by about 40% since last June.

Following an agreement in 2013, Vivendi sold 85% of shares in Activision Blizzard for US$8.2 billion and then sold a further 5.8% for US$850 million in 2014.

Vivendi remains involved in the games business via its acquisition of stakes in French games providers Ubisoft and Gameloft, in which it has progressively upped its interest.