Per <A href="http://story.news.yahoo.com/news?tmpl=story&u=/nm/20021214/media_nm/vivendi_games_2">this Reuter's story</a>, the big, multi-most everything conglomerate, <a href="http://www.vivendiuniversal.com/">Vivendi</a> may sell off it's game division after all. Here's part of the story:
<blockquote>However, investment bankers and analysts have debated the value of the unit, with some saying Vivendi itself valued the division between $1.5 billion and $2 billion while others said that was far too high.
"There's no way that those assets are worth more than one times' sales," Wedbush Morgan Securities analyst Michael Pachter told Reuters, pegging the unit's annual sales at $600 million.
Pachter speculated that a more likely potential suitor for the unit would be Activision, which he said has $550 million in cash on hand and a recent shelf offering that, combined, would give it more than $1 billion in capital to pursue a deal.</blockquote>
That's got to be a bummer. Saying your company is worth <b>$2 billion</b>, when everyone else says it's worth a quarter of that.
Spotted this at <A href="http://www.homelanfed.com">HomeLAN Fed</a>.
<blockquote>However, investment bankers and analysts have debated the value of the unit, with some saying Vivendi itself valued the division between $1.5 billion and $2 billion while others said that was far too high.
"There's no way that those assets are worth more than one times' sales," Wedbush Morgan Securities analyst Michael Pachter told Reuters, pegging the unit's annual sales at $600 million.
Pachter speculated that a more likely potential suitor for the unit would be Activision, which he said has $550 million in cash on hand and a recent shelf offering that, combined, would give it more than $1 billion in capital to pursue a deal.</blockquote>
That's got to be a bummer. Saying your company is worth <b>$2 billion</b>, when everyone else says it's worth a quarter of that.
Spotted this at <A href="http://www.homelanfed.com">HomeLAN Fed</a>.
