"Warren Buffett's Berkshire Hathaway Is Poised To Score A $1B Profit After Microsoft Beats FTC In Activision Case" - Business Insider
Portfolio Pulse from Happy Mohamed
Berkshire Hathaway, owned by Warren Buffett, is set to make a profit of over $1 billion from its stake in Activision Blizzard, following Microsoft's successful bid to acquire the video game company. This is based on the assumption that Berkshire Hathaway has retained its stake in Activision Blizzard and has not sold any shares since it reported owning a $4.2 billion position in the company at the end of the first quarter. Activision Blizzard's stock surged by more than 10% on Tuesday, bringing it just a few dollars below its $95 buyout price.
July 11, 2023 | 7:24 pm
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POSITIVE IMPACT
Activision Blizzard's stock surged by more than 10% following news of Microsoft's successful acquisition bid.
The news directly pertains to Activision Blizzard and the surge in its stock price following Microsoft's successful acquisition bid.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
Berkshire Hathaway is set to make a significant profit from its stake in Activision Blizzard following Microsoft's successful acquisition bid.
The news directly pertains to Berkshire Hathaway's investment in Activision Blizzard and the potential profit it stands to make following Microsoft's successful acquisition bid.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
Microsoft's successful bid to acquire Activision Blizzard has led to a surge in Activision Blizzard's stock price.
The news directly pertains to Microsoft's successful acquisition bid for Activision Blizzard and the subsequent surge in Activision Blizzard's stock price.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100