03/28/2008 02:45 am ET Updated May 25, 2011

Vivendi Secures $5 Billion Loan

Vivendi has secured a Euros 3.5 billion ($5.08 billion) loan to back its acquisition of controlling stakes in U.S.-based vidgame maker Activision and French phone operator Neuf Cegetel.

The loan, which will shortly be syndicated to a wider group of still undisclosed banks, is being arranged by Societe Generale, HSBC, Royal Bank of Scotland and Fortis Bank.

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