Vivendi Bidding Game Still Going
Tue, 10/14/2003 - 12:36
Yahoo/AFP has some news on the situation of Vivendi Universal Games based on a report of Les Echos. Vivendi apparently recently received an offer of about $600-800 million made by a "partnership of a video games group and an investment fund."
Les Echos said the company did not intend to accept this new offer at present because it still hopes to attract a one-billion-dollar approach.A while ago Electronic Arts and Microsoft were reported to be heavily interested in VUG since Blizzard and Sierra Entertainment are part of Vivendi's game division. The share price of the company went up 1.46 percent after the news on the rejected offer became public.