Warren Buffet and his firm basically confirmed Microsoft deal with Activision will be approved

[Leasy]

Warren Buffett’s firm took big stake in Activision Blizzard ahead of Microsoft deal

Typically tech-averse Berkshire bought 14.7 million Activision shares, now valued at about $1.19 billion


OMAHA, Neb. — Warren Buffett’s company placed a rare bet on a technology company late last year and it has already paid off in a big way.

Berkshire Hathaway BRK.B, 1.75% revealed in documents filed with regulators on Monday that it bought near 15 million shares in game publisher Activision Blizzard ATVI, 1.15% during the last three months of 2021.

The purchase came not long before Microsoft’s MSFT, 2.08% announcement in January that it was acquiring Activision for $68.7 billion, sending the stock soaring. Activision’s shares are up 22.5% so far this year.

Berkshire estimated that its 14.7 million shares in Activision Blizzard, the maker of “Candy Crush” and “Call of Duty,” were worth roughly $975 million at the end of 2021. At the close of trading Monday, they were worth $1.19 billion.

The investment by Buffett’s firm was a surprising move by the famously tech-averse investor. Buffett has long avoided investing in tech companies because he says it is too hard for him to pick the long-time winners in that sector

 

[levitate]

Insider Trading clearly.

 

[Leasy]

Insider Trading clearly.

Of course but nothing ever happens to the 1 percent. Dude never invests in Tech but does this just before the deal

 

[datnigDASTARDLY]

Of course but nothing ever happens to the 1 percent. Dude never invests in Tech but does this just before the deal

Probably explains why Jimbo crying right now

 

[humminbird]

Of course but nothing ever happens to the 1 percent. Dude never invests in Tech but does this just before the deal

he never invested because he doesn't understand most tech companies. this one he understood clearly

 

[winb83]

Warren Buffett’s firm took big stake in Activision Blizzard ahead of Microsoft deal

Typically tech-averse Berkshire bought 14.7 million Activision shares, now valued at about $1.19 billion


OMAHA, Neb. — Warren Buffett’s company placed a rare bet on a technology company late last year and it has already paid off in a big way.

Berkshire Hathaway BRK.B, 1.75% revealed in documents filed with regulators on Monday that it bought near 15 million shares in game publisher Activision Blizzard ATVI, 1.15% during the last three months of 2021.

The purchase came not long before Microsoft’s MSFT, 2.08% announcement in January that it was acquiring Activision for $68.7 billion, sending the stock soaring. Activision’s shares are up 22.5% so far this year.

Berkshire estimated that its 14.7 million shares in Activision Blizzard, the maker of “Candy Crush” and “Call of Duty,” were worth roughly $975 million at the end of 2021. At the close of trading Monday, they were worth $1.19 billion.

The investment by Buffett’s firm was a surprising move by the famously tech-averse investor. Buffett has long avoided investing in tech companies because he says it is too hard for him to pick the long-time winners in that sector

I don't think there's much doubt it won't be. The question is what will the concessions be?

 

[PS5]

I don't think there's much doubt it won't be. The question is what will the concessions be?

You don't pay 72 billion to have concessions. Ultimately Xbox will do whatever they want including If they wanted to, make a call of duty game and name it something else

Now they owe Sony not a damn thing and they can keep releasing bulshyt cod games every once in a while to keep the haters at bay. We play chess on the greener side