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If you enjoy reading this site, you might also want to check out these Think Services sites:
 Game Career Guide (for student game developers.)
 Indie Games (for independent game players/developers.)
 Finger Gaming (news, reviews, and analysis on iPhone and iPod Touch games.)
 GamerBytes (for the latest console digital download news.)
 Worlds In Motion (discussing the business of online worlds.)
 Game Set Watch (the Group's alt.game weblog.) |
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Vivendi Secures $5.13 Billion Loan For Activision Closing
by Brandon Boyer
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January 18, 2008
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Publisher Vivendi has announced it has secured a new loan of 3.5 billion euros ($5.13 billion) for the closing of both its Activision acquisition, and that of French telecom provider Neuf Cegetel "with complete security and flexibility."
The company says the loan is underwritten by a pool of banks, 1.5 billion euros ($2.2 billion) of which will be in the form of a "bridging loan" that will be repaid when the Neuf Cegetel acquisition is complete.
Another 2 billion euros ($2.93 billion) will come by way of a "revolver" facility that will be paid to Vivendi in parts, 1 billion over 3 years, and another over 5.
"These new sources of financing supplement the EUR 4 billion ($5.86 billion) in unused credit lines (maturing in 2012)," said the company in a statement, "and available cash of more than EUR 1 billion ($1.47 billion) at the end of 2007. They will enable Vivendi to meet its future commitments with complete security and flexibility."
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