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Vivendi Universal Games Sells Knowledge Adventure Unit to VC Firms

Authored by Mark Hefflinger on October 5, 2004 - 3:02am.
Los Angeles -- Vivendi Universal Games, the company's video game publishing unit, announced on Tuesday that it has sold its Knowledge Adventure educational software business, to Knowledge Holdings, a holding company formed by Bay Area venture capital firms Azure Capital Partners and Telesoft Partners. Financial terms of the deal were not disclosed. The deal divests VU Games of Knowledge Adventure's JumpStart and Mathblaster properties; however, VU Games will continue to sell and distribute the developer's titles. "The divestiture of these educational software titles is part of VUG's strategy in the U.S. to focus our business on games," said VU Games CEO Bruce Hack.
tags: VC Firms | Vivendi Universal Games | Sells | Knowledge Adventure Unit |