Vivendi to complete Activision Blizzard sale

Vivendi expects to complete the sale of the majority of its interest in gaming company Activision Blizzard by the middle of next week, the company has said.

Vivendi expects to complete the sale on or about October 15 after the Delaware Supreme Court lifted a preliminary injunction previously imposed on the transaction.

The delay resulted from a 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.

Vivendi has moved to sell a number of assets including Activision Blizzard and Maroc Telecom. Chairman Jean-René Fourtou recently said he was considering restructuring the group by spinning of its media units, including Canal+, and Brazilian telco GVT while retaining control of French telco SFR.