November 14, 2008 |
French media and telecommunications giant Vivendi said Thursday that profit increased more than fourfold in the third quarter, to 2.76 billion euros ($3.46 billion) from 578 million euros a year earlier, thanks to a gain of 2.32 billion euros on the dilution of its stake in video game publisher Vivendi Games. Vivendi Games merged with Activision in July to form Activision Blizzard Inc. of Santa Monica.
December 4, 2007 |
Vivendi's planned acquisition of Activision Inc. would blend the companies' strengths but won't necessarily lead to cross-pollination among game developers. Santa Monica-based Activision, whose shares rose nearly 13% on the news, is strong in console games, with titles that include the music game "Guitar Hero III," the combat game "Call of Duty 4" and skateboarding games starring Tony Hawk. Vivendi Blizzard Entertainment Inc.
December 3, 2007 |
Activision Inc. and Vivendi announced a deal Sunday that would put "Guitar Hero" and "World of Warcraft" under one corporate roof and knock the king of the video game industry, Electronic Arts Inc., into second place. Vivendi, the French conglomerate that owns Universal Music Group, said it would pay $1.7 billion in cash and contribute its Los Angeles-based games business, valued at $8.1 billion, for a 52% stake in a company to be called Activision Blizzard. It would be worth an estimated $18.
September 8, 2006 |
Media and telecom conglomerate Vivendi said Thursday that its second-quarter profit rose 53%, boosted by the settlement of tax litigation and strong performances from its video-game and pay-TV arms. The French company reported earnings of 1.16 billion euros ($1.48 billion) for the April-June period. The company said its bottom line was inflated by a one-time gain related to the June settlement of litigation against U.S.
June 22, 2004 |
Vivendi Universal Games on Monday laid off 350 employees, or nearly 30% of its workforce in North America, as the publisher of the popular "Crash Bandicoot" and "Warcraft" series slashed costs amid falling sales. "Restructuring the organization and reducing our cost base are necessary to improve our operating effectiveness and profitability," said Bruce Hack, chief executive of Los Angeles-based VUG, a subsidiary of French entertainment company Vivendi Universal.