Activision Blizzard Inc said Vivendi S.A. will sell 41.5 million of the videogames publisher's shares, as part of a planned stake sale announced by the French conglomerate last July.The offering is expected to close on May 28 and Activision will not receive any of the proceeds, the company said on Wednesday.Vivendi said last July that after divestment of over 85 percent of its stake in Activision for $8.2 billion, it will retain a 12 percent stake, or 83 million shares, which will be subject to a staggered 15-month lock-up.The next window for share sale by Vivendi opens in 2015.
Activision, Inc. (Activision Blizzard) is a worldwide publisher of online, personal computer (PC), console, handheld, and mobile interactive entertainment products. Shares of ATVI traded higher by 0.19% or $0.04/share to $20.87. In the past year, the shares have traded as low as $13.27 and as high as $21.50. On average, 5853490 shares of ATVI exchange hands on a given day and today's volume is recorded at 5641450.
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