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15 Feb 2022

Buffett's Berkshire Acquired $1 Billion of shares in Activision before Microsoft Takeover

The Index Today

According to a Monday regulatory filing, Warren Buffett's Berkshire Hathaway Inc acquired nearly $1 billion of shares in Activision Blizzard Inc before Microsoft Corp agreed to buy the video game maker for $68.7 billion.

Berkshire said that as of Dec. 31, it owned 14.7 million shares worth about $975 million of the "Call of Duty" game maker.

Microsoft announced its plan to buy Activision Blizzard on Jan. 18, in its largest ever acquisition. Activision shares are up 23% this year to $81.50, though they remain well below the proposed $95 per share takeover price, reflecting potential antitrust concerns.

According to Reuters, Berkshire disclosed its Activision stake in a filing detailing its U.S.-listed stock investments as of Dec. 31. Investors monitor Berkshire's investments closely to see where Buffett and his investment managers Todd Combs and Ted Weschler see value. The filings do not say who bought and sold what, though Buffett generally handles larger investments.

Other media have quoted Buffett, a longtime friend of Microsoft co-founder Bill Gates, as saying he would not buy Microsoft shares because of potential conflicts of interest.

Apple Inc. remains Berkshire's largest common stock holding.

©Photo: Adam Jeffery | CNBC

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