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Vivendi Rejects offer from EA

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Source: Bloomberg.com

Vivendi Rejects Offer From Electronics Arts, Les Echos Says
By Jad Mouawad

Paris, Jan. 31 (Bloomberg) -- Vivendi Universal SA, the world's second-largest media company, has rejected an all-stock offer for its games unit from Electronics Arts Inc., Les Echos newspaper said without citing anyone.

Paris-based Vivendi said last year it planned to sell its games business, which analysts value at about 1.3 billion euros ($1.4 billion), to pare debt. The French daily paper didn't say why Vivendi turned down the offer from the top U.S. gamemaker.

Microsoft Corp., which has been mentioned in press reports as a possible buyer for Vivendi Universal Games, isn't in talks with Vivendi, Les Echos said, citing Microsoft's Robert Bach, who heads the Xbox game console division.
 

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