Warren Buffett invested $1 billion in Activision Shares soon after the Acquisition completes
Warren Buffett’s Berkshire Hathaway is a behemoth few outside the business world know about. The holding company continues to take action and, thanks to various investments, has an annual turnover of almost 250 billion dollars. Activision has also delved into it. Chance? He is considered one of the richest people in the world and is currently ranked sixth on Forbes magazine’s list: Warren Buffett, who is often considered an investor legend.
The now 91-year-old is known for his flair for good deals, and his now-famous purchase of approximately $1 billion Activision Blizzard stock should (officially) fall into this category. At the end of last year, Berkshire Hathaway had acquired 14.66 million shares in Activision Blizzard (via Washington Post), at the time, these were valued at about $975 million. On December 30, the paper stood at $67.50, today it is about $82. That means the package is currently worth about $1.2 billion. Microsoft has announced it is acquiring the game’s publisher for $95 a share. If the deal goes through, Berkshire Hathaway will be worth nearly $1.4 billion.
Billionaire Friends
You may wonder whether everything was right here and whether the deal was actually a coincidence or a good conversation: Bill Gates is known to be a good friend of Buffett. And shortly after — on January 18, 2022 — Microsoft, co-founded by Bill Gates, announced its acquisition of Activision Blizzard. Of course, this can and will all be a coincidence, after all, Buffett buys time and again and also prefers stocks in IT companies. However, the proximity of Gates and therefore also of Microsoft leaves a certain aftertaste.
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