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  • Warren Buffett says his team didn’t know Microsoft was planning to buy Activision Blizzard when they bought the gaming stock

    • February 19, 2022
    • Posted by: MasterAdmin
    • Category: Cryptocurrency
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    Warren BuffettWarren Buffett.

    Mario Anzuoni/Reuters

    Warren Buffett's team bought Activision Blizzard stock without knowing a Microsoft deal was coming.
    Berkshire Hathaway bought 85% of its stake in October, three months before the takeover offer.
    Berkshire's average cost was $77 a share; Activision Blizzard stock traded at $78 in January.

    Warren Buffett dismissed the idea that Berkshire Hathaway built its nearly 2% stake in Activision Blizzard last quarter in anticipation of Microsoft making a $75 billion offer to buy the video-games giant in January.…

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