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.
PROMOTION: Live Webinar: The Secrets to Delivering Low-Latency #Live #Video, Globally - @llnw TOMORROW at 4pm GMT - hhttps://t.co/cBAVZIWQgi
23 April 2018 @ 09:22:00 UTC
#MostRead this week: #F1 unveiled its own plans for an #OTTTV service, to be launched in May in time for the hhttps://t.co/76qx8Jqkk3
22 April 2018 @ 09:05:00 UTC
DTVE: #TheWeekinView - @netflix: another stellar quarter in an evolving competitive landscape #SVOD #Disney #Sky hhttps://t.co/grljz7fDaH
21 April 2018 @ 16:04:00 UTC
#Crunchyroll debuts linear block in Brazilian market https://t.co/D12gTaeuwg
20 April 2018 @ 17:00:02 UTC
.@AMC_TV's #SundanceNow streaming service takes Sharon Horgan show https://t.co/fm5XwbBtAm
20 April 2018 @ 16:30:00 UTC
