Activision Stock Jumps As Warren Buffett Reveals $5.6 Billion Stake

Activision Blizzard  (ATVI) – Get Activision Blizzard, Inc. Report shares moved higher Monday after Warren Buffett’ told investors that his Berkshire Hathaway investors group has built a 9.5% stake in the video-game maker ahead of its planned $69 billion takeover by Microsoft  (MSFT) – Get Microsoft Corporation Report.

Buffett’s increased stake, now worth around $5.6 billion, suggests he thinks the deal will receive regulatory and antitrust approval, although he told attendees at the Berkshire AGM on Saturday that he “doesn’t know what the Justice Department will do.”

Source: https://www.thestreet.com/markets/activision-stock-jumps-as-warren-buffett-reveals-5-6-billion-stake?puc=yahoo&cm_ven=YAHOO&yptr=yahoo