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Berkshire Hathaway Purchased Bulk of Stake in Activision Blizzard in October

Berkshire Hathaway Purchased Bulk of Stake in Activision Blizzard in October

Warren Buffett’s Berkshire Hathaway Inc. purchased the majority of the shares it acquired final quarter in Activision Blizzard Inc. in October, in accordance with an individual accustomed to the matter, which was earlier than the videogame firm’s inventory worth fell in November and forward of its deal to be purchased by Microsoft Corp.

A securities submitting Monday confirmed Berkshire purchased practically 14.7 million shares in Activision Blizzard within the fourth quarter of 2021. Final month, Microsoft mentioned it will purchase Activision—identified for its “Name of Responsibility,” “World of Warcraft” and “Sweet Crush” franchises—in an all-cash deal valued at roughly $75 billion.

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