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Warren Buffet’s Berkshire Hathaway Acquired $1B Shares in Activision Ahead of Microsoft Deal

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Warren Buffett’s Berkshire Hathaway bet almost a $1B stake in Activision Blizzard in Q4 of 2021, weeks before the firm agreed $75B sale, according to a report by FT on Tuesday.

The industrials conglomerate, which manages a stock portfolio valued hundreds of billions of dollars, revealed the acquisition of 14.7M shares in Activision in a securities filing late on Monday.

The investment in the video game maker stood out in a quarter whereby Berkshire made small adjustments to its holdings. The $703B group has struggled to identify attractive investments in recent years.

It was unclear whether the acquisition decision of Activision shares was made by Buffet, Berkshire’s CEO or whether it was directed by Todd Combs or Ted Weschler, his investment assistants.

The price of Activision shares has soared 23% this year, surpassing the wider market, signaling the premium that Microsoft has agreed to pay to acquire the company. BRK.A down -1.42%

 

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