Warren Buffett, one of the wealthiest people alive and renowned investor, has given his own insight into Microsoft’s acquisition of Activision Blizzard, stating that he believes the deal will go through.
Earlier this year, much to the shock of everyone, Microsoft announced it was planning to acquire Activision Blizzard for just shy of $70 billion. If it goes through, it will be the biggest deal in the history of the gaming industry and give Microsoft ownership of massive franchises like Call of Duty, World of Warcraft, Overwatch, and many, many more.
Due to the immensity of the deal, there has been some pushback from politicians and investors, leading some to believe the deal could get shot down.
Warren Buffett, however, has bet that deal will be approved. The billionaire investor’s company, Berkshire Hathaway, increased its position in the company from 2% to 9.5%, a position worth about $6 billion. Buffett made it clear that it was his decision to increase the position.
“It is my purchase, not the manager who bought it some months ago,” said Buffett. “If the deal goes through, we make some money.”
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
DOJ and FTC Introduce Website for Reporting Anti-Competitive Healthcare Practices
Apr 18, 2024 by
CPI
US Congress Advances Legislation to Compel TikTok Sale
Apr 18, 2024 by
CPI
UK Financial Sector Advocates Enhanced Regulatory Accountability
Apr 18, 2024 by
CPI
Google and All 50 States Defend $700 Million Consumer Settlement
Apr 18, 2024 by
CPI
Colorado Enacts First Law to Protect Consumer Brainwave Data
Apr 18, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – China Edition – Year of the Dragon
Apr 16, 2024 by
CPI
Review Logic and Rules for Concentrations of Undertakings that Do Not Meet the Standard of Notification
Apr 16, 2024 by
CPI
China’s Review of Semiconductor Transactions
Apr 16, 2024 by
CPI
Key Challenges and Tips for Merger Control Filing in China for Listed Companies
Apr 16, 2024 by
CPI
Key Point Review: China SPC Antitrust Judgments in 2023
Apr 16, 2024 by
CPI