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Vivendi is strangled by a pile of only slowly declining debt that currently stands at about $15.5 billion. The sale of Activision Blizzard, which is majority-owned by Vivendi, could alleviate the growing pain substantially. The 60 percent stake Vivendi holds is estimated to be worth about $10 billion. According to Reuters, Vivendi may have started fielding potential buyers, which reportedly include Time Warner as well as Microsoft.
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Direct result of a Microsoft buyout: Activision franchises become Microsoft second party and Call of Duty, Prototype and any sort of Guitar Hero revival become XBox exclusives. It would be interesting to see how Sony would react.As for a Time Warner buyout: No idea what direct results would be, but I hope they aren't as greedy as Viacom.
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