Vivendi May Sell Videogame-Software Unit in Bid to Cut Debt Vivendi Universal SA (V), looking for ways to slash debt now that it is under new management, is considering selling its U.S.-based videogame-software business (this includes Blizzard, Sierra Entertainment, and Universal Interactive, but also distribution for other companies like Mythic Entertainment and Interplay) in a deal that could fetch as much as two billion euros ($1.96 billion) , people familiar with the matter told The Wall Street Journal. Mr. Fourtou, Vivendi's new chief executive, has identified the videogame business as noncore and expendable, they said. Meanwhile, contrary to recent speculation, Mr. Fourtou is leaning against selling Vivendi's 44% stake in French telecommunications firm Cegetel SA, these people said. Cegetel has long been seen by analysts as a likely disposal as it would be a way to get a big chunk of cash -- about five billion euros -- from one transaction. Moreover, Vivendi has a likely buyer for its stake: British wireless company Vodafone Group PLC, which already owns an interest in Cegetel, has signaled clear interest in buying it. That said, Mr. Fourtou doesn't want to sell at a fire-sale price, and with telecom valuations so low, he may be willing to wait. A spokeswoman for Vivendi declined to comment on what assets the company is planning to sell. If Mr. Fourtou does opt to sell Vivendi's videogame business, it will be his second debt-slashing initiative since he succeeded the ousted Jean-Marie Messier at Vivendi's helm a month ago. On July 23, he announced a plan to float the core of Canal Plus Group on the Paris stock market and sell the rest of the embattled pay-television unit piecemeal in the hopes of raising as much as five billion euros to pay down debt.