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REPORT - Vivendi's Search For Activision Suitors Off To Slow Start
Vivendi SA (VIV) Chairman Jean-Rene Fourtou, looking for a buyer for the company’s $8.1 billion stake in Activision Blizzard Inc. (ATVI), is finding little enthusiasm among potential suitors.
Fourtou, in an interview yesterday at the Allen & Co. media conference in Sun Valley, Idaho, said Vivendi may sell its 61 percent stake in Activision, the largest U.S. video-game publisher. Microsoft Corp. (MSFT), maker of the Xbox console, Take-Two Interactive Software Inc. (TTWO) and Walt Disney Co. (DIS), the world’s largest entertainment company, aren’t pursuing bids, people with knowledge of their plans said.
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Fourtou, in an interview yesterday at the Allen & Co. media conference in Sun Valley, Idaho, said Vivendi may sell its 61 percent stake in Activision, the largest U.S. video-game publisher. Microsoft Corp. (MSFT), maker of the Xbox console, Take-Two Interactive Software Inc. (TTWO) and Walt Disney Co. (DIS), the world’s largest entertainment company, aren’t pursuing bids, people with knowledge of their plans said.