Vivendi Denies Rumor That it Will Break Up Holdings

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Vivendi, the group that includes game labels such as Sierra and Blizzard, denied rumors that an offer had been made to Vivendi to acquire some of its holdings.
Vivendi noted that this report is likely based on suggestions by Sebastion Holdings, an investment firm that owns 4% of Vivendi, offering strategic alternatives to Vivendi's current plan. Sebastion Holdings has suggested breaking up Vivendi, a course of action that has been rejected by Vivendi's board.

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This page contains a single entry by Editor published on May 17, 2006 12:17 AM.

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