Warren Buffet Bought 14.7M Activision Blizzard Shares Before Microsoft’s Announcement

Microsoft’s plans to acquire Activision Blizzard for $69 billion has done wonders for the Call of Duty publisher’s stock prices. ABK’s stock prices went from an all-time high of $103.81 USD in February 2021 to just $57.36 USD in December 2021 amid the workplace scandal that rocked the company and the poor performance of existing IPs. Stock prices have since rebounded to $81.35 USD following news of the acquisition.

One of the major shareholders who will benefit greatly from the increase in stock price is Warren Buffet’s Berkshire Hathaway. The company apparently purchased roughly a billion US dollars in shares when ABK’s stock price crashed in the latter part of 2021 and just weeks before Microsoft made their announcement which means that they stand to make a killing once the deal pushes through sometime next year.