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HomeGeorgia & USABerkshire Buffett bought shares of Activision before the deal with Microsoft

Berkshire Buffett bought shares of Activision before the deal with Microsoft

Warren Buffett

Gerald Miller CNBC

Warren Buffett Berkshire Hathaway bought shares worth about $ 1 billion Activision Blizzard in the fourth quarter, according to the normative documentjumping up earlier Microsoft agreed to buy the video game publisher for $ 68.7 billion.

Berkshire owns 14.66 million shares at the end of 2021 worth $ 975 million.

Announced by Microsoft his intention to acquire Activision Blizzard in mid-January at $ 95 per share, leading shares to rise 25% to above $ 82, although it has declined slightly since then. That would be the biggest deal with an American technology company.

Buffett is ready to make a significant profit in the event of closing the deal. Shares hit $ 56.40 in the fourth quarter after the California Department of Fair Employment and Housing filed a lawsuit alleging that Activision and its subsidiaries promoted a sexist culture and paid women less than men.

Activision also said in November that it was postponing the release of Diablo IV and Overwatch 2. And was impressed by the disappointing reviews of the new game Call of Duty: Vanguard, released the same month.

Bill Gatesco-founder and former CEO of Microsoft, walked away of the boards of Berkshire and Microsoft in 2020. Gates is a longtime friend of Warren Buffett, chairman and CEO of Berkshire Hathaway. They rank fourth and sixth among the richest people in the world respectively Forbes.

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

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Berkshire Buffett bought shares of Activision before the deal with Microsoft

Warren Buffett

Gerald Miller CNBC

Warren Buffett Berkshire Hathaway bought shares worth about $ 1 billion Activision Blizzard in the fourth quarter, according to the normative documentjumping up earlier Microsoft agreed to buy the video game publisher for $ 68.7 billion.

Berkshire owns 14.66 million shares at the end of 2021 worth $ 975 million.

Announced by Microsoft his intention to acquire Activision Blizzard in mid-January at $ 95 per share, leading shares to rise 25% to above $ 82, although it has declined slightly since then. That would be the biggest deal with an American technology company.

Buffett is ready to make a significant profit in the event of closing the deal. Shares hit $ 56.40 in the fourth quarter after the California Department of Fair Employment and Housing filed a lawsuit alleging that Activision and its subsidiaries promoted a sexist culture and paid women less than men.

Activision also said in November that it was postponing the release of Diablo IV and Overwatch 2. And was impressed by the disappointing reviews of the new game Call of Duty: Vanguard, released the same month.

Bill Gatesco-founder and former CEO of Microsoft, walked away of the boards of Berkshire and Microsoft in 2020. Gates is a longtime friend of Warren Buffett, chairman and CEO of Berkshire Hathaway. They rank fourth and sixth among the richest people in the world respectively Forbes.

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

Reported by Source link

RELATED ARTICLES
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Most Popular