
Extra cash will be used to assist acquisition of Activision
Vivendi is planning to raise around $1.4 billion in a US bond issue, to assist its acquisitions of Activision and French telecoms company Neuf Cegetel.
The French media giant – and parent of Vivendi Games Universal – said it will raise the $1.4 billion through the issue of five- and ten-year US bonds launched yesterday.
According to Forbes, the company said it wants to rebalance its debt structure between bank debt and bond debt and to lengthen its average maturity.
The bonds will also allow the publisher to spread its debt across different currencies as well.
The expected deadline for the bond purchases arriving this Friday.
Advertisement
No detail on a final date for the Vivendi acquisition of Activision has been set, but it is expected to come in the first half of this calendar year.
Comments
Leave a Comment
HOT TOPICS
Xbox owners ‘defecting’ to PS3 31
HMV calms Modern Warfare concerns 27
Modern Warfare 2 already pirated? 26
Activision praises retail and promises fair play on MW2 18
First MW2 pre-orders arrive 16
Tesco sells Xbox 360 games for £3.97 11
EA: PES is struggling 8
LittleBigPlanet sequel looks unlikely 7
Activision: 'Guitar Hero as respected as Harley Davidson' 7
Mama takes on Modern Warfare 6
RELATED STORIES
ACTIVISION BLIZZARD: Vivendi to increase stake in Activision 1
ACTIVISION BLIZZARD: ‘Bring ‘em on’, says bullish EA 6
ACTIVISION BLIZZARD: Ubisoft welcomes new competitor 1
ACTIVISION BLIZZARD: Retail reacts 1
Report: Activision-Vivendi deal was close to collapse 1
Activision facing lawsuit over Vivendi deal 3
Vivendi titles facing uncertain future? 2
Activision instigated Vivendi deal 1
Vivendi and Activision quit ESA 2
Activision shares rated ‘strong buy’ ahead of merger 3
ABOUT US
MCV is the leading trade news and community site for all professionals working within the UK and international video games market. It reaches everyone from store manager to CEO, covering the entire industry. MCV is published by Intent Media, which specialises in entertainment, leisure and technology markets














