Thursday, July 12, 2012

Activision Blizzard On Block, Says Report

Los Angeles-based videogame maker Activision Blizzard is on the block, with majority owner Vivendi looking to sell the video game business, according to reports this week. Reuters, citing five sources "close to the situation," said that the firm is looking for bidders on Activision. Vivendi owns 60 percent of Activision Blizzard. The article said that Time Warner, Microsoft, Chinese gaming firm Tencent, as well as a number of private equity firms have been approached about the sale.