|Breaking News: Vivendi may sell Activision-Blizzard|
|Posted: 07.06.2012 16:53 by JonahFalcon||Comments: 27|
French-based media conglomerate Vivendi is reportedly going to host a senior executive meeting later this month to discuss the sale of its 61% stake in Activision-Blizzard.
The report comes out of Bloomberg News, which is citing the testimony of anonymous sources that the company is interest in selling its declining stock, which has fallen from around €19 to around €13 in the past year.
Since the publication of the story, however, Vivendi itself enjoyed a boost in stock price to €13.80.
Vivendi has downplayed the senior executive meeting, stating that it's been a yearly practice since 2005, and that there's no fixed agenda this year for the meeting.
Source: Games Industry BIZ