Please support Game Informer. Print magazine subscriptions are less than $2 per issue
Vivendi Selling 41.5 Million Shares Of Activision Stock
Vivendi is cashing in again on its now-minority stake in Call of Duty publisher Activision. Last year, Activision purchased its independence from the ailing company for $8 billion. That transaction left Vivendi with 12 percent ownership, which is about to be cut in half.
The sell-off would be worth approximately $850 million to Vivendi at a share price of $20.70. This represents approximately 5.8 percent of the company’s remaining stake in Activision.
The sale is expected to conclude by May 28, and Activision will not receive any of the proceeds.
Our Take
This has no financial impact on Activision except to even further reduce Vivendi’s opportunity to galvanize other shareholders to influence the publisher. This move by Vivendi further distances Activision from its former parent and, unless existing stockholders snap up these shares, should pose no threat to entrenched management.
I’d like to ask you to support Game Informer’s continued coverage of games with a subscription. For less than two dollars per issue, we mail you a full year of 10 print magazines, each with cover stories and preview features filled with exclusive details about the most exciting upcoming games. We profile and interview game creators. We look back on the rich history of gaming, and we celebrate what’s next.
Here on the website, we offer much of our content for free, including game reviews, daily news, videos, event coverage, and more – all with minimal ads.
We do so with a small editorial team, alongside contributing paid writers from around the world – over 65 individuals from 9 countries around the world, just in the last couple of years.
It’s not possible without support.
In a time when game makers and games coverage have faced hard struggles and layoffs, the future of this 30+ year magazine and community is at risk. Our new standalone magazine subscription is the number one way you can keep us alive – and we believe you’ll get a pretty fantastic gaming magazine in your mailbox every few weeks for your trouble.
Thank you.
