Warren Buffett says Berkshire owns 9.5% of Activision Blizzard shares in merger arbitrage bet

Business News News

Warren Buffett says Berkshire owns 9.5% of Activision Blizzard shares in merger arbitrage bet
Business Business Latest News,Business Business Headlines

Warren Buffett on Saturday said Berkshire Hathaway has been increasing its stake in Activision Blizzard in a merger arbitrage play.

Berkshire now owns about 9.5% of Activision shares, Buffett said at the company's annual shareholder meeting.

Buffett said he has been buying more shares of Activision since the deal was announced as the stock is trading way below Microsoft's offer. Buying at these levels will yield a bigger return if the deal closes.

 

Palace intrigue

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Warren Buffett says inflation 'swindles almost everybody,' Munger rails against bitcoin, market 'mania' at Berkshire meetingWarren Buffett says inflation 'swindles almost everybody,' Munger rails against bitcoin, market 'mania' at Berkshire meetingCNBC's YunLi626 is live in Omaha, Nebraska at the 2022 Berkshire Hathaway annual shareholders meeting. Here are three key takeaways from the event. Follow our liveblog tracking all of the day’s news and analysis here: YunLi626 Hi Yun Li! Did they mention investing in China at all during the meeting? Any takeaways on that? YunLi626 YunLi626 Can you please post the entire webcast, CNBC? Bloomberg would have already done so
Read more »



Render Time: 2025-01-10 00:56:36