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
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.…