Vivendi announces the "unwinding of hedge and disposal of Activision Blizzard shares." The financial relationship between the two companies is probably too complicated to be understood by non bean-counters, but apparently this is no longer going to be something we need to try to figure out going forward:

Vivendi today announced that it unwound the hedge on its remaining 41.5 million Activision Blizzard shares (representing 5.7% of the video game publisher’s common shares) and sold its entire position to a financial institution for net proceeds of US$1.1 billion (approximately €1 billion). The unwinding of this hedge allows Vivendi to recover a cash deposit of US$0.4 billion.

The decision to implement these transactions was taken in view of the evolution of the Activision Blizzard stock price.

The hedge was set up in June 2015 and covered 100% of the value of the Activision Blizzard shares, denominated in US dollars. It was accomplished using a zero-cost collar with a maximum term of 18 months.