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

  • 📰 CNBC
  • ⏱ Reading Time:
  • 12 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 72%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia 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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Palace intrigue

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia 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 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
Source: CNBC - 🏆 12. / 72 Read more »