Warren Buffett owns 9.5% Activision Blizzard stakes in merger arbitrage bet
Berkshire Hathaway Inc (NYSE: BRK-A) has increased its stake in Activision Blizzard Inc (NASDAQ: ATVI) in a merger arbitrage bet as Microsoft Corp (NASDAQ: MSFT) works to acquire the videogame publisher. Berkshire currently owns about 9.5% of Activision shares, Buffett said at his company’s annual shareholder meeting in Omaha, Nebraska.
By Arghyadeep Dutta
Published - May 02, 2022, 06:22 PM ET
Last Updated - Apr 16, 2024, 09:27 AM EDT
• Berkshire’s acquired around 1.87% stake in Activision in Q4 2021
• Videogame maker said more than 98% of shareholders approved the proposed transaction
Billionaire Warren Buffett said that his company Berkshire Hathaway Inc (NYSE: BRK-A) has increased its stake in Activision Blizzard Inc (NASDAQ: ATVI) in a merger arbitrage bet as Microsoft Corp (NASDAQ: MSFT) works to acquire the videogame publisher.
Berkshire currently owns about 9.5% of Activision shares, Buffett said at his company’s annual shareholder meeting in Omaha, Nebraska.
