Activision-Blizzard stocks drop amidst selloff rumors

I'm sure the armchair financial analysts will have a field day with this one.

Activision-Blizzard has certainly done well for itself over the past year. World of Warcraft may have seen a slight dip in subscriptions, but that hasn't made the company any less profitable. But rumors are swirling that owner Vivendi may be looking to sell off the company, either lowering its current 61% share or selling it off entirely. Vivendi will discuss its exact plans in its meeting with investors on June 22nd.

In light of these rumors, shares of Activision-Blizzard have dropped 3.3%, while shares of Vivendi have grown 3.8%. Vivendi as a whole saw a net 28% drop in stock price over the past year, so the company is looking for infusions of cash, but considering Activision-Blizzard's upcoming titles (including the new World of Warcraft expansion, Mists of Pandaria), we can't help but wonder if selling the house might be a bit premature. We'll have more on this story and the impact for both companies as it develops.