Warren Buffett Bought $1 Billion Stake In Activision Weeks Before Microsoft Deal

Billionaire Warren Buffett, who is currently the sixth richest man in the world, allegedly purchased a $1 billion stake in Activision Blizzard just weeks before the video game company was bought by tech giant Microsoft.

According to the Financial Times, Berkshire Hathaway CEO Buffett purchased the substantial stake just weeks before the record-breaking acquisition, estimated to be worth $68.7 billion, was completed. 

In 2022, Activision shares are up 23% to $81.50, though remain notably below the proposed $95 per share takeover price due to potential antitrust concerns. 

In the past, Buffett has said his decades-long friendship with Microsoft co-founder Bill Gates was a reason for him to never buy stock in the company.

I try to stay away from a few things just totally because the inference would be drawn,” Buffett once said at the annual Berkshire Hathaway shareholders meeting, as reported by The Wall Street Journal at the time.

However, in 2020, Gates ended his 16-year run on Berkshire’s board and, in 2021, Buffett resigned as a trustee of the Bill and Melinda Gates Foundation.

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