Activision Blizzard, Inc. (ATVI): A Large Shareholder Halves its Stake


Activision Blizzard, Inc. (NASDAQ:ATVI)’s shareholder, a French multinational mass media company, Vivendi S.A., has reported halving its exposure to the company. According to filings with the U.S. Securities and Exchange Commission, Vivendi has sold  around 41.50 million shares of Activision Blizzard, remaining with the same amount. The securities have been dumped in one transaction, at a price of $20.54 per share. The activist stake held by Vivendi currently amasses 5.8% of Activision Blizzard, Inc. (NASDAQ:ATVI)’s common stock.

According to a filing, Vivendi has entered into an Underwriting Agreement with Activision Blizzard, Inc. (NASDAQ:ATVI), Barclays Capital Inc. and Credit Suisse Securities (USA) LLC, regarding the sale of some 41.50 million shares. 

Among the shareholders of the $14.7 billion market cap Activision Blizzard, Inc. (NASDAQ:ATVI) is Cliff Asness‘ Aqr Capital Management, which held 4.67 million shares as of the end of March, followed by Masroor Siddiqui and Bruce Emery‘s Naya Capital with 4.21 million shares, both shareholders reducing their holdings in the company during the first three months of the year.

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