Vivendi Reported to Lack Bids for Activision Stake

Friday, 03 Aug 2012 11:20 AM

 

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink

Shares of Activision Blizzard Inc., the maker of the “Call of Duty” video game, dropped Friday after the Financial Times reported that majority owner Vivendi SA hasn’t attracted interest for its planned sale of its stake in the company.

Activision fell 4.4 percent to $11.25 at 10:34 a.m. New York time, after earlier tumbling 6.5 percent for the biggest intraday decline since Nov. 9. Through Thursday, the Santa Monica, California-based company’s shares had declined 4.5 percent this year.

Vivendi may not proceed with a sale in the near term after bankers failed to generate interest, the paper said, citing people it didn’t identify.

© Copyright 2014 Bloomberg News. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web

Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 

You May Also Like
Around the Web

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved