Activision Blizzard

Report: Netflix to appoint Activision Blizzard CFO

Netflix is set to name Activision Blizzard’s chief financial officer, Spencer Neumann, as the successor to its outgoing CFO David Wells, according to Reuters. The Reuters report, which cites a source familiar with the matter, claims that Neumann will take up his new post in early 2019, with an announcement expected from Netflix this week. The […]

Twitter agrees multi-year Overwatch highlights deal

Twitter has agreed a new multiyear deal to bring videogame highlights and livestream content of the Overwatch League to the platform. Starting in Overwatch League’s 2019 season, a weekly preview show covering upcoming Overwatch League matches, will be streamed live on Twitter via the Overwatch League’s account. Twitter will also host “near-real-time” highlight clips from […]

AB Group targets eSports with Activision Blizzard deal

France’s AB Group has signed an exclusive deal with Activision Blizzard to secure TV rights for French-speaking Europe to the video games outfit’s franchises, which include eSports leaders Call of Duty, Hearthstone and World of Warcraft. The deal will also enable AB Group to launch its own eSports channel with Activision Blizzard content at a […]

Vivendi sells remaining stake in Activision Blizzard

Vivendi has sold its remaining 5.7% stake in games company Activision Blizzard for US$1.1 billion (approximately €1 billion). Vivendi said it had decided to unwind the hedge on its remaining 41.5 million Activision Blizzard shares, allowing it to recover a cash deposit of US$0.4 billion. The hedge was set up in June 2015 and covered […]

Vivendi sees cash boost from Activision Blizzard sale

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 […]

Vivendi takes stakes in games companies

Vivendi has take stakes in French games specialists Ubisoft and Gameloft. The media giant has acquired 7.36 million Ubisoft shares for €140.3 million, giving it a stake of 6.6%. it acquired 5.24 million Gameloft shares for €19.7 million, giving it a stake of 6.2% in the latter. Vivendi previously held a 61.1% stake in US-based […]

Vivendi to sell half its stake in Activision Blizzard

Canal+ Group owner Vivendi has agreed to sell half its stake in games firm Activision Blizzard.  Vivendi said it will sell 41.5 million Activision Blizzard shares, representing 5.8% of this company’s total common shares, leaving it with an equal amount of the company. The price of the transaction price is due to be announced at […]

Vivendi completes Activision Blizzard sale

Vivendi has completed the sale of games division Activision Blizzard.  Vivendi has divested its 85% stake in the games company, netting it US$8.2 billion (€6.1 billion) in cash and providing greater financial flexibility as it studies options for a demerger. The French conglomerate will retain a 12% stake in Activision Blizzard. The sale of the […]

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 […]

Vivendi hit by legal delay to Activision Blizzard sale

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 […]