Vivendi considering 'variety of options' for Activision Blizzard sale

French media conglomerate still looking to unload its 60 percent stake in Call of Duty publisher.

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Vivendi continues to explore options to sell a portion of its stake in Activision Blizzard, the French media conglomerate said this week during an earnings call.

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Chief financial officer Philippe Capron said (via the Wall Street Journal) that the company is considering a "variety of options" to unload the Call of Duty and World of Warcraft company.

"There is a process going at the board level," he added.

According to sources speaking with the newspaper, Activision Blizzard management has for a while now been interested in buying out some of Vivendi's 60 percent stake. The company could be in the position to do so, thanks to the $4.3 billion it has in cash on hand.

Vivendi first expressed interest in unloading Activision Blizzard in June 2012. The company currently holds a 61 percent stake in the game publisher, valued at $8.1 billion.

A number of potential buyers emerged last year, including Microsoft, Time Warner, Tencent, Disney, and a group of private equity firms. However, no deal was ever solidified, as Vivendi continues to have a tough time finding anyone to take the publisher off its books.

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