Warren Buffett's Berkshire Hathaway Set For $1B Windfall Following Microsoft-Activision Deal
Portfolio Pulse from Benzinga Newsbot
Warren Buffett's Berkshire Hathaway stands to make over $1 billion profit from Microsoft's acquisition of Activision Blizzard. Berkshire Hathaway owned nearly 50 million shares of Activision at the end of Q1 2023. The court's decision to allow the acquisition led to a 12% surge in Activision's stock.
July 12, 2023 | 3:36 am
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Activision Blizzard's stock surged by as much as 12% following the court's decision to allow Microsoft's acquisition.
The court's decision to block the FTC's bid to stop the deal led to a surge in Activision’s stock by as much as 12%.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Berkshire Hathaway stands to make a significant profit from Microsoft's acquisition of Activision Blizzard, assuming it has held onto its stake.
Berkshire Hathaway owned nearly 50 million shares of Activision at the end of Q1 2023. If the acquisition goes through at $95 per share, it stands to make a significant profit.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Microsoft's acquisition of Activision Blizzard strengthens its position in the gaming industry and aligns with its customer-focused strategy.
The acquisition not only strengthens Microsoft’s position in the gaming market but also potentially changes the dynamics of the industry. This aligns with its strategy of focusing on customer needs.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100