Buffett’s Berkshire bought Activision stock before Microsoft deal
[ad_1]
Warren Buffett
Gerald Miller | CNBC
Warren Buffett’s Berkshire HathawayIn total, $1 billion was spent on shares Activision BlizzardThe fourth quarter was according to a regulatory filingJumping in is a good idea. MicrosoftThe video-game publisher was purchased for $68.7 Billion.
According to the filing, Berkshire owned 14.66 Million shares worth $975 millions as of 2021.
Microsoft announces its intent to acquireActivision Blizzard purchased Activision Blizzard’s stock in mid-January at $95 per share. It sent it up 25% to over $82, although it has since declined a little. This would have been the biggest deal by any U.S. tech company.
Buffett will make a large profit if the deal is completed. Stock fell as low as $56.40 after California Department of Fair Employment and Housing. filed a suit alleging that Activision and its subsidiaries fostered a sexist culture and paid women less than men.
Activision stated in November that they were delaying Diablo IV’s and Overwatch 2 releases. The company also got disappointed reviews for Call of Duty: Vanguard in November, which was released that month.
Bill GatesMicrosoft co-founder and ex-CEO,. stepped downBerkshire’s board of directors and Microsoft’s in 2020. Warren Buffett’s long-time friend and Berkshire Hathaway CEO, Gates is his mentor. The world’s wealthiest people rank them fourth and sixth respectively according to Forbes.
WATCH: Warren Buffett, Charlie Munger on Berkshire Hathaway’s unique management style
[ad_2]