• Home
  • Breaking News
  • Privacy Policy
  • Email Whitelisting
No Result
View All Result
Top Trading Strategy
No Result
View All Result
Home Breaking News

Buffett’s Berkshire bought about $1 billion worth of Activision shares before Microsoft deal

by
February 14, 2022
in Breaking News
0
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

Related Posts

Chinese drone maker DJI is dominating the market – despite being blacklisted by the U.S.

CNBC Daily Open: January’s U.S. jobs reports is stunningly good

Time to buy the tech rally? Wall Street pros weigh in with their top stock picks

Bearish hedge fund manager Dan Niles names his top five trades for 2023

Warren Buffett
Gerald Miller | CNBC

Warren Buffett’s Berkshire Hathaway purchased about $1 billion worth of shares in Activision Blizzard in the fourth quarter, according to a regulatory filing, jumping in before Microsoft agreed to buy the video-game publisher for $68.7 billion.

Berkshire owns 14.66 million shares valued at $975 million as of the end of 2021, the filing shows.

Microsoft announced its intent to acquire Activision Blizzard in mid-January for $95 per share, sending the stock up 25% to above $82, though it’s since fallen a bit. It would be the largest deal ever by a U.S. technology company.

Buffett is poised to notch a handsome profit should the deal close. The stock reached as low as $56.40 in the fourth quarter after the 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 also said in November that it was delaying the releases of Diablo IV and Overwatch 2. And it was hit with disappointing reviews of its new game Call of Duty: Vanguard, released the same month.

Bill Gates, the co-founder and former CEO of Microsoft, stepped down from the boards of Berkshire and Microsoft in 2020. Gates is a longtime friend of Warren Buffett, Berkshire Hathaway’s chairman and CEO. They rank fourth and sixth, respectively, among the world’s richest people, according to Forbes.

WATCH: Warren Buffett, Charlie Munger on Berkshire Hathaway’s unique management style

Next Post

Stock futures rise slightly as Russia-Ukraine tensions and Fed rate hike worries simmer

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

email

Get the daily email about stock.

Please Enter Your Email Address:

By opting in you agree to our Privacy Policy. You also agree to receive emails from us and our affiliates. Remember that you can opt-out any time, we hate spam too!

Popular Posts

Breaking News

Chinese drone maker DJI is dominating the market – despite being blacklisted by the U.S.

by
February 6, 2023
0

The world's biggest drone maker, DJI, is one of many companies that has found its products used on the battlefield...

Read more

Chinese drone maker DJI is dominating the market – despite being blacklisted by the U.S.

CNBC Daily Open: January’s U.S. jobs reports is stunningly good

Time to buy the tech rally? Wall Street pros weigh in with their top stock picks

Bearish hedge fund manager Dan Niles names his top five trades for 2023

Can I Buy a Home with an LLC?

When in Rome: Millennials are choosing to ‘maximize their 20s’ while minimizing their savings — but could it leave them living a Spartan life in their later years?

Load More

All rights reserved by www.toptradingstrategy.net

  • Home
  • Breaking News
  • Privacy Policy
  • Email Whitelisting
No Result
View All Result
  • Home
  • Breaking News
  • Privacy Policy
  • Email Whitelisting

© 2023 JNews - Premium WordPress news & magazine theme by Jegtheme.