8 Billion Sale Of Blizzard!


Submitted by UnashamedVandal; September 08, 2012

A French based media company that goes by the name of Vivendi are attempting to find a buyer for their majority stake in Activision's Blizzard estimated to be worth 8 billion Euros.

 

According to several sources Vivendi has ruled out a straight break away from the company and has publically admitted that a sale of Activision Blizzard is still "under consideration". The reason for the sale is due to Vivendi's crippling debt that has amounted to a staggering 14 billion Euros, which has reached a point beyond repair for the French media company.

 

Vivendi has suggested that the sale of Blizzard will directly resolve their debt issues, however the price tag of the company has been a stumbling block for many proposed deals to sell the company as the price is just too high. The future of the company is still unknown at this time, it seems apparent that a sale of Activision Blizzard is imminent though.

 

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Tags: activision blizzard, blizzard, vivendi



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Comments 


 
# Dimensional vortex champion — funfink 2012-09-08 13:37
this all could have been avoided if blizzard didnt screw us over w/ Starcraft 2 and diablo 3... i mean how do you turn some of the best games in the world to some of the worst

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# Are You Serious? — Heartsbane 2012-09-10 00:15
Regardless of what you think about the games, they both sold extremely well. Blizzard is far from the reason Vivendi has $14 billion in debt. I'm not sure how long they have had the company, but they should have sold it in 2008 when Activision's stock was upwards of $60 a share. Now its around $12 go figure, and they are still doing well.

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# RE: Are You Serious? — funfink 2012-09-13 12:54
it not that the didnt sell well, that was to be expected of sequals that 11 million users still play, its the fact that they only sold well for their repsected releass dates and not for over a decade after (diablo battle chest was #19 on the list of the top selling videogames in 2008)

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