Activision files 41.5M-share shelf registration for Vivendi

|About: Activision Blizzard, Inc (ATVI)|By:, SA News Editor

Activision's (ATVI) shelf registration paves the way for Vivendi (VIVHY) to halve its remaining stake to 5.8% through a future offering. (S-3)

At current levels, such a sale would yield Vivendi gross proceeds of $830M. The filing comes 9 months after Vivendi agreed to sell most of a 60% stake in Activision through an $8.2B leveraged recap deal.

ATVI -0.8% AH