Warren Buffett Reveals He’s Boosted Stake In Activision Blizzard To 9.5%Billionaire Warren Buffett said during Berkshire’s annual shareholder meeting that he had
raised his conglomerate’s stake in Activision from 2% of the company as of the end of the year to 9.5% — worth about $5.6 billion — with the share price hovering around $80, well below Microsoft’s $95 per share offer.
Buffett said he wanted to make it clear it was his own bet, and that he
didn’t want anyone to blame Berkshire investment managers Ted Weschsler or Todd Combs if the acquisition fails to win regulatory approval.
Microsoft announced it planned to
acquire Activision in January in an all-cash transaction for roughly $69 billion, which would
make Microsoft the third-largest video-gaming company by revenue once the deal closes.
