Vivendi Sheds Activision Stock To Raise Capital

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http://www.gamasutra.com/db_area/images/news2001/38592/activision_blizzard.jpgActivision Blizzard majority shareholder Vivendi has sold 35 million of its shares in order to raise $427 million in capital, according to reports published Tuesday. The sale was made as part of Vivendi CEO Jean-Bernard Levy's attempt to maintain the company's credit rating while making recent purchases, according to sources speaking with Bloomberg. Vivendi is a multimedia entertainment company that goes well beyond video games. Levy's plan calls for a sale of $678 million in ...

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