Why did Buffett sell Activision?

The Activision investment was a form of arbitrage, with Buffett viewing investors as too pessimistic that regulators would approve combining Microsoft's Xbox gaming console business with the publisher of the "Call of Duty" and "Candy Crush" franchises.
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Why did Activision get sold?

This was at the height of the metaverse trend and would be the largest gaming industry deal in history. Microsoft is said to have wanted to acquire Activision Blizzard to further improve its presence in the gaming industry, and the metaverse, and to consolidate itself as the de facto king of cloud gaming.
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How much of Activision does Warren Buffet own?

After building a 9.5% stake in Activision in early 2022, Berkshire sold a significant portion by the end of the year. At that time, it held just 6.7% of the company. It's very likely Buffett didn't make any profit on the sale of those shares. He sold more in 2023, roughly 72% of his remaining stake.
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Why Buffett doesn t buy Microsoft?

The problem for Buffett isn't related to tech or to valuation, but instead, to his friendship with Microsoft co-founder Bill Gates. The two worked together on multiple projects, and Buffett previously said he would be concerned how it might look if the company had a good earnings report after investing in the business.
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What will happen to my Activision shares?

Activision stockholders will receive $95 for each share of Activision they owned prior to the close. Activision CEO Bobby Kotick will stay on in his role through the end of 2023, he wrote in an email to employees that was shared by the firm.
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Warren Buffett sells Activision: Why has Berkshire Hathaway sold Activision stock?

Who owns the most shares in Activision?

Activision Blizzard shareholders among insiders
  • Robert Kotick – 3,908,698 shares.
  • Armin Zerza – 196,291 shares.
  • Daniel I. Alegre – 193,690 shares.
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Why is ATVI not trading at $95?

The stock closed at $91.66, below Microsoft's offer price of $95. Due to uncertainties that have plagued the deal, Activision Blizzard shares never formed the narrow trading range that you typically see in a company whose acquisition is all but certain.
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Are Bill Gates and Warren Buffett still friends?

What that means for the $77 billion Gates Foundation. Warren Buffett wanted to use his vast fortune for good, but concluded he would not make a great philanthropist.
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Why doesn t Bill Gates own Microsoft anymore?

What Happened: Gates stepped down as the CEO of Microsoft in 2000 and later left the board of directors in 2020. The co-founder of the software giant remains a large shareholder in the company through his own holdings and the stock holdings of the Bill and Melinda Gates Foundation Trust.
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Does Buffett own Amazon?

Berkshire has owned Amazon stock since the first quarter of 2019. Since then, the share price has more than doubled. Berkshire's original stake was valued at around $860 million. According to Buffett, the investment was initiated by one of his lieutenants, either Todd Combs or Ted Weschler.
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Why did Berkshire buy Activision?

Berkshire Hathaway CEO Warren Buffett, 92, invested in Activision to take advantage of the arbitrage opportunity that arose after deal was unveiled because of the wide arbitrage spread, a reflection of antitrust concern. He has been investing in arbitrage situations for over 60 years.
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Did Warren Buffet invest in McDonald's?

Buffett — who proudly eats like a six-year-old — has even bought McDonald's stock: Berkshire held a 4.3% stake in the company worth $1.4 billion at the end of 1996.
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Does Warren Buffet own Home Depot?

Buffett's Berkshire Hathaway Inc. in the third quarter sold stakes in CarMax Inc. and Home Depot Inc., and cut its holding of Nike Inc. as the billionaire replaced a retiring investment manager and built the company's cash holdings.
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Is Xbox buying Activision?

The acquisition was completed on October 13, 2023, with its total cost amounting to $75.4 billion. Under the terms of the agreement, Microsoft brought Activision Blizzard under its Microsoft Gaming business unit as a sibling division to Xbox Game Studios and ZeniMax Media.
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How did Sony react to Microsoft buying Activision?

Sony also took note of Microsoft's attempt to build a mobile gaming business with King games in its portfolio. Sony acknowledges the “incredible strategic value” of Activision games especially in the live service arena, and specifically mentions the threat of losing Call of Duty to Microsoft.
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What did Microsoft agree to pay for Activision?

Microsoft has finalized its $68.7 billion deal to acquire Activision Blizzard, the publisher of Call of Duty, World of Warcraft, and Diablo.
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Who owns the most Microsoft stock?

Largest shareholders include Vanguard Group Inc, BlackRock Inc., State Street Corp, VTSMX - Vanguard Total Stock Market Index Fund Investor Shares, Fmr Llc, VFINX - Vanguard 500 Index Fund Investor Shares, Geode Capital Management, Llc, Price T Rowe Associates Inc /md/, Jpmorgan Chase & Co, and Morgan Stanley .
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Does Steve Ballmer own Microsoft?

He is Microsoft's largest shareholder — owning an estimated 333.25 million shares — or around 4% — of the company. While 90% of Ballmer's fortune is linked to his stake in Microsoft, his other main asset is the Clippers, which are valued at around $4.5 billion.
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Why does Bill Gates only have 1% of Microsoft?

Just before Microsoft went public, Mr. Gates owned nearly 50% of the company. The year was 1986. Over the past 36 years, he has slowly disposed of the majority of his shares, using the proceeds from those sales to fund other business and philanthropic interests.
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Did Steve Jobs respect Bill Gates?

Still, in a weird way, the two men clearly respected each other. Appearing on stage together at the 2007 AllThingsD conference, Gates said, "I'd give a lot to have Steve's taste." And Jobs once said, "I admire him for the company he built — it's impressive — and I enjoyed working with him.
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Did Bill Gates belong to a rich family?

Bill Gates was the son of wealthy parents, his father was a partner in the law firm Preston Gates & Ellis, his mother was on board of directors for First Interstate BancSystem and the United Way. Bill got a sweetheart deal from IBM, in part due to his mother serving on the United Way board with Jon Opel, chair of IBM.
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What are the tensions between Buffett and Gates?

Growing Tensions

Buffett still lives a simple life in the same Omaha house he bought decades ago, while Gates prefers a more extravagant lifestyle with multiple houses, private jets, and an expensive art collection. According to the New York Times, Buffett has also been frustrated with how the Gates Foundation is run.
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What happens if you own Activision Blizzard stock?

Example: If you have 100 shares underlying Activision Blizzard stock options at an exercise price of $70.00 at the time of closing, you will receive a cash payment of the difference between the merger consideration ($95.00) and the exercise price ($70.00) for each share underlying such vested stock option, resulting in ...
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Will Activision be delisted?

The underlying instrument (Activision Blizzard, Inc; ISIN: US00507V1098) was acquired by Microsoft on 2023-10-16. Hence the stock is not traded on the market. The instruments will be delisted end of trading 2023-10-19.
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Who are the biggest shareholders of Activision Blizzard?

Activision Blizzard operates through three separate business segments: Activision; Blizzard; and King. The top shareholders of Activision Blizzard are Robert A. Kotick, Daniel Alegre, Dennis Durkin, Vanguard Group Inc., FMR LLC, and BlackRock Inc. (BLK).
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