[Rumor] Activision Blizzard might not have to worry about new management after all
Activision Blizzard might not be sold off after all, at least that’s if the latest rumors are true. Apparently, Vivendi can’t seem to find the right buyer … or someone that this willing to pay the asking price for it’s (60%) share in the company, which is said to be 12% more than it’s $10 billion worth.
It’s being reported that since 2K, Microsoft, Facebook, Time Warner, Nexon, and various other potential buyers have each backed out, Vivendi is currently planning to sell off it’s stake in Brazilian telecom GTV, which very well could bring in the $8-10 billion it needs to pay off its debt.
However, this doesn’t mean that Activision Blizzard has been safely removed from the auction block just yet, as the French conglomerate could still find a buyer, or lower its asking price, or (if worse comes to worse) sell the shares on the open market, which would be disastrous. However, Activision might try to prevent that doomsday scenario by borrowing the $10 billion to buy Vivendi out of the company.
You know the global economy has gone south when a conglomerate that owns two companies each with a net worth of $10 billion is in rough shape.
We’ll be sure to have more info as this story develops.