Vivendi raises $427m from Activision stake
November 16, 2011
By Chris Forrester
Vivendi has sold off a small part of its 63 percent stake in ‘Call of Duty’ video games outfit Activision Blizzard. Last week Vivendi Universal spent $1.9 billion buying music publisher EMI.
Vivendi gained $427 million from the sale of stock which sees its stake in the video games company falling to 60 per cent.
The modest disposal, along with its commitment to EMI, suggests a change of emphasis at Vivendi which was already the world’s biggest music business. Jean-Bernard Levy said November 15th that the music business is rebounding.