Vivendi has been hit by a delay in its sale of video games subsidiary Activision Blizzard by a US legal challenge.
The delay results from a successful legal action brought by a shareholder in the games company against Activision Blizzard, Vivendi and the investment consortium led by Activision Blizzard CEO Bobby Kotick and co-founder Brian Kelly claiming that the sale should be put to a vote of the shareholders’ meeting.
A Delaware court has blocked the completion of the sale deal unless it is approved by the company’s shareholders.
Vivendi is attempting to sell of a number of assets including Activision Blizzard and Maroc Telecom.
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