Vivendi selling to 427 million dollars for Blizzard Stakes

Sina Science and technology news Beijing time of November 16, according to sources today revealed that media giant Vivendi (Vivendi SA) has been sold by the sale of the dynamic view of the Blizzard (Activision Blizzard Inc.)　　Equity raised 427 million of billions of dollars, making the company's share of the world's largest video game distributor fall to 60%. Vivendi's headquarters in Paris once sold a 12.30-dollar price sell-off to blizzard shares, and eventually the company sold a total of 35 million shares of Blizzard shares at $12.20 per share. As the selling process was conducted privately, the person who disclosed the message asked for anonymity.　　Although Vivendi has posted the selling statement on the company's website, the statement did not disclose the final selling price. The company's share price rose sharply this month as Blizzard raised its full-year profit target and the latest version of Call to deriving, which sold more than 400 million dollars within 24 hours of its release. The stock rose 23% per cent from its lowest point of August 10 this year.　　As of 1:44 P.M. local time, the price of Blizzard on the New York Stock Exchange (Weibo) fell slightly by 4.4% to 12.24. Vivendi CEO Jean Bernard Livi (Jean-bernard Levy) has been selling assets to maintain the company's credit rating, while financing the latest acquisitions. Vivendi's global music Group last week agreed to pay 1.2 billion pounds (about 1.9 billion U.S. dollars) to buy the music assets of the company's EMI (Universal).　　In addition, Vivendi's pay-TV business, Canal Plus, agreed this month with Poland's TVN television to buy a minority stake in the latter.　　But Vivendi spokeswoman Solandi Marini, Solange Maulini, said in a telephone interview in Paris that there was no direct link between the sale of the company's Blizzard stake and the acquisition of EMI, a move that was merely a "tactical deal" to improve the company's capital structure.　　At the end of the deal, Vivendi's share of the blizzard stake will be flat from the start of the year. At present, GVT, a Brazilian telecoms operator and a blizzard of two companies, is the main force driving Vivendi's recent sales growth, with two companies bringing more than 800 million euros (about $1.15 billion trillion) in the first half of the year to Vivendi.　　Meanwhile, the French mobile operator SFR, Vivendi's largest subsidiary, has not been much improved this year, with a very slow growth. Bernstein analyst Claudio Espissy (Claudio aspesi), a financial consultancy Sanford, said in a report, Vivendi Blizzard is "the most liquid asset", so the Sell-off will be able to effectively help the company maintain its credit rating. Blizzard's current hot-selling games include Guitar Hero (Guitar Hero) and World of Warcraft (World of Warcraft). Linjing)