After a futile search for buyers, Vivendi is now trying to sell another of its companies, this time a Brazilian broadband firm named GVT, a deal that could be worth up to 8.5 billion euros. Meanwhile, new reports suggest Activision is interested in buying off itself from Vivendi.
Actvision is said to have hired JP Morgan and Allen & Co to offer advice. Vivendi holds a 61 percent stake in the publisher.
Reuters states that Activision CEO Bobby Kotick and others are interested in such a deal, however executing it is somewhat tricky. Activision, the videogame industry’s biggest publisher, would have to raise around $5 billion in debt to finance the deal or partner with a private equity fund.