Berkshire Hathaway owns 9.5% of Activision, Warren Buffett says

38395 berkshire hathaway owns 9 5 of activision warren buffett says

Berkshire Hathaway Inc. started buying more shares of Activision Blizzard Inc. since Microsoft Corp. announced its plan to acquire the videogame maker in January and now has a 9.5% stake, Warren Buffett said Saturday at Berkshire’s annual meeting. Buffett said those purchases were his decision and are a bet that the deal will close. Activision ATVI, -1.43% shares ended Friday at $75.60, while Microsoft MSFT, -4.18% has offered $95 a share. Berkshire would be required to make a regulatory filing if its stake topped 10%. Buffett said he was revealing the news to head off incorrect stories. Berkshire held 14.7 million shares of Activision as of the end of December, a roughly 2% stake.

Source: Marketwatch

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