Vivendi SA (formerly Vivendi Universal SA) is a French multinational mass media conglomerate headquartered in Paris, France. The company has activities in music, television, film, video games, telecommunications, tickets and video hosting service. Vivendi is a company primarily focused on digital entertainment. It owns the French TV channel and movie producer Canal+ Group, as well as music world leader Universal Music Group. On 25 July 2013, Vivendi asset Activision Blizzard announced the purchase of 429 million shares from Vivendi for $5.83 billion, dropping the shareholder from a 63% stake to 11.8% by the end of the deal in September, ending Vivendis majority ownership of Activision Blizzard. In 2014, Vivendi decided to sell mobile companies SFR (France) to Patrick Drahis company, Altice, and GVT (Brazil) to the Brazilian company Telefônica Vivo. In November 2013, it signed the definitive agreement to sell its majority and controlling stake in Maroc Telecom (Morocco) to Etisalat based in Abu Dhabi. Vivendis president Vincent Bolloré, appointed in June 2014, wants to continue resolutely on the chosen path and aims at developing synergies between the companys subsidiaries now refocused on media: Canal+ Group, Universal Music Group, Vivendi Village, Dailymotion, Gameloft and Telecom Italia.