Vivendi has closed the deal to sell its Brazilian broadband business to Spain's Telefonica for cash and shares worth nearly $10 billion.
"It's the predictability of cash flow. It's the pricing power," Mario Gabelli says.
Robert "Bobby" Kotick, CEO, Activision Blizzard, discusses his company's purchase of 85 percent of Vivendi's stake for $8.2 billion. He says the acquisition will result in a more efficient capital structure.
Sources reveal Vivendi is concerned about the valuation of of its stake in Activision and the outlook on the physical games business, reports CNBC's Julia Boorstin.