Vivendi Selling Activision Stock

Vivendi S.A. filed a registration statement with the Securities and Exchange commission to sell nearly half in holdings of Activision (ATVI) stock in a public offering. The deal is set to close on May 28th and is a result of previous transaction agreements between the two companies. Activision will of course not receive any proceeds from the sale. Activision stock has been an excellent performer up around 25% year to date. However, it lost nearly two and a half percent on the announcement of the offering.

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