Berkshire Hathaway Bought This Many Activision Shares Ahead of Microsoft Deal

Warren Buffett’s Berkshire Hathaway had purchased quite a lot of Activision shares before Microsoft and the company announced a big deal.

Berkshire had purchased $1 billion worth of shares before Microsoft announced its intent to buy Activision Blizzard in mid-January for $68.7 billion. The purchase was made in the fourth quarter, according to a regulatory filing.

The company jumped into Activision Blizzard after a state lawsuit alleging a sexist culture at the game publisher sent the stock price down. The stock reached as low as $56.40 in the fourth quarter after the California Department of Fair Employment and Housing filed a suit alleging that Activision and its subsidiaries fostered a sexist culture and paid women less than men.

Berkshire owns 14.66 million shares valued at $975 million as of the end of 2021, the filing shows.

Microsoft announced its intent to acquire Activision Blizzard in mid-January for $95 per share. The news sent shares of Activision up 25% to over $82.

It would be the largest deal ever by a U.S. technology company.

Disclaimer: We have no position in any of the companies mentioned and have not been compensated for this article.