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Activision possibly to be charged $3bn by parent company Vivendi


Activision’s currently sitting pretty with $4.3 billion in its coffers. That may not be the case for much longer, however. Parent company Vivendi is looking for ways to float a little cash while it tries to sell off other, less profitable assets, and sustain its other businesses while they struggle with competition.

One plan discussed yesterday at Vivendi’s board meeting was extracting $3 billion from Activision.

Activision’s an odd asset for Vivendi, whose dominant stake is in telecoms. Though, with competition increasing across the globe in that industry, Vivendi have been working to sell off its stake in some of its assets and, so, become less exposed to negative changes.

Vivendi’s already racked up a fair bit of debt in that area and so the money from Activision would be a substantial help in keeping afloat while it sells assets.

The plan would have to get the OK from Activision’s board of directors. Though, with six of its eleven members working for Vivendi, it shouldn’t be too hard to get it pushed through.

This isn’t the first time Vivendi’s tried to make a quick buck out of Activision.It was rumoured that Vivendi tried to sell Activision in the past and no one was buying.

Cheers, Reuters.