France's Vivendi (VIV.PA) said on Friday it plans to sell 85% of its shares, Activision Blizzard (ATVI.O) is $ $ 82 billion video game manufacturer, its management, its second blockbuster deal in the past week.
Repo following several weeks of speculation, the French media conglomerate telecommunications have been looking for a way to pull cash broader restructuring aimed at reducing debt, re-adjust the part of its business, is America's largest video game publisher.
However, the move is surprising, in some ways, Vivendi also referred to its media assets as the company's future, and moving is its largest and most profitable media assets.
In another pin restructuring, Vivendi announced earlier this week in exclusive talks, 4.2 one billion euros (5.56 billion) sale of its controlling stake in Maroc Telecom.
Activision company said on Friday it will buy back 429 million shares of Vivendi year 5.83 billion dollars.
An investor group led by CEO Bobby Kotick and Brian Kelly has agreed to co-chair from Vivendi alone is $ 234 million U.S. dollars to purchase approximately 1,720,000 shares of Activision, Inc..
Vivendi sale of shares is $ 13.60, Activision company's closing price on Thursday 10% discount.
After the transaction, Vivendi will no longer be the company's largest shareholder, but will retain 83 million shares, or about 12% of Activision.
 



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