Warren Buffet, an entrepreneur known throughout the world, has decided to improve his equity position in Activision Blizzard with a substantial investment.
The well-known entrepreneur Warren Buffett has recently decided to bet on Activision Blizzard , a company in the video game sector that a few months back has had the opportunity to get talked about first because of many scandals that have been seen on various occasions, and then for confirmation of Xbox ‘s acquisition of the huge company.
Warren Buffet, who owned 1.8% of the company’s stock, said he raised his stake to nearly 9.5% with a double bet. It must be said that all this took place thanks to a currently dead subsidy price, but at the same time there are many question marks concerning the company.
First of all, we talk about the fact that for reasons of competition the agreement could be rejected, and it must also be emphasized that we do not know how the future of the giant will have the opportunity to continue under the aegis of the Xbox division of the Redmond giant.
Obviously, Buffett only placed his bet on the positive side, deciding to expand his equity position instead of closing it in anticipation of a collapse after a potential takeover failure, although at the moment we don’t know how the situation will evolve.
- Warren Buffett says Berkshire owns 9.5% of Activision Blizzard shares in merger arbitrage bet (CNBC)