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Vivendi Working With Two Banks On Activision Stake-WSJ

|Includes:ATVI, Vivendi SA ADR (VIVHY)

Vivendi (OTCPK:VIVHY) seems to be getting much more aggressive in their quest to dispose of their 61% stake in Activision (NASDAQ:ATVI). While I think this is an excellent move that the company should look at, I think the company is making a mistake by being so public about it as it could potentially hinder pricing for Activision. Vivendi suffers from a severe conglomerate discount so anything that the company could do to clean up its corporate structure would be beneficial. If the company can't get a good price they should just look at spinning off the stake.

http://online.wsj.com/article/SB10001424052702303754904577533111575599038.html?mod=WSJ_hp_LEFTWhatsNewsCollection

Disclosure: I am long OTCPK:VIVHY.

Stocks: VIVHY, ATVI