Bumpy ride in the works for Blizzard?

Apparently, Vivendi is still looking to spin off Vivendi Universial Games... one of the most prominent features of which is Blizzard... the (duh) well known makers of Diablo, Diablo 2, Starcraft and the Warcraft series. There are a number of "interested" parties, with names like Microsoft, Take-Two Interactive, Electronics Arts and Activision being tossed around. Blizzard would most surely be a nice addition to any of those companies, considering they've made high quality hit after hit, but I am still curious how this could impact the schedules of some of their upcoming titles. Here's more from the Reuters story:
[URLQUOTE=http://biz.yahoo.com/rc/030903/media_vivendi_games_1.html]LOS ANGELES, Sept 3 (Reuters) - Vivendi Universal Games, the video game unit long seen as an orphan in the media empire of Vivendi Universal(NYSE:V - News), is likely to remain without a permanent home, industry watchers said on Wednesday, even as its parent merges other entertainment properties with the NBC television network.
Vivendi Chief Executive Jean-Rene Fourtou said on Tuesday he expected Vivendi to keep both Universal Music and Vivendi Universal Games, which makes PC action titles such as "Diablo" and "Warcraft" and games like "The Hulk" based on licenses from movies produced by corporate sibling Universal Studios.

But Vivendi, which has been looking at selling or spinning off the games unit since last summer, is unlikely to keep the unit permanently, according to Michael Pachter, an analyst at Wedbush Morgan Securities who follows the industry.

"There's no chance. Why would they keep it? It doesn't fit (with) anything," he said.

...snip...

Last summer, Fourtou said Vivendi wanted to "monetize" the game unit somehow. That prompted speculation that either an initial public offering or a sale were in the works.

At one point, Vivendi was thought to be seeking nearly $2 billion for the unit, more than twice its annual revenue.

Earlier this year, it seemed clear the unit would be sold. In May, company sources said a sale was expected to be announced by the end of summer.

But banking and entertainment-industry sources said the auction process bogged down, with bidders offering less than the $800 million or more that Vivendi was asking at the time.

"We've been on and off the table so many times, I don't know realistically what they're going to do with us," the source said. "We're not on top of the priority list."

Some game software industry executives have openly or privately said they would be most interested in acquiring only VU Games' PC games division, Blizzard.

"My bet is that the whole games division is not going to be bought by anybody," said Pachter. "The Blizzard assets are worth at least one times' sales, if not more, where the rest of the assets are not."[/URLQUOTE]