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Vivendi had been trying unsuccessfully to sell its Activision stake for some time. Wedbush Securities analyst Michael Pachter says major U.S. media companies have been unlikely buyers because they have a spotty track record with video games, and Activision dwarfs almost all other game makers.횂혻The deal allows Vivendi to focus on its core businesses: SFR, a French wireless company; Canal Group, a paid television property; and U.S.-based Universal Music Group. Those three properties accounted for almost three-quarters of Vivendi revenue last year.
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