Shulou(Shulou.com)11/24 Report--

CTOnews.com, July 18, a few days ago, a US judge said that Microsoft could complete the acquisition of Activision Blizzard for $68.7 billion (currently about 491.205 billion yuan), while Buffett did not seem to be optimistic about the combination.

Berkshire Hathaway, owned by Buffett, sold its 70% stake in Activision Blizzard in the second quarter.

In a regulatory filing released on Monday, the company said it owned about 14.7 million Activision Blizzard shares on June 30, valued at $1.24 billion, or 1.9 per cent of its portfolio, down from 49.4 million shares and 6.3 per cent on March 31.

CTOnews.com note: Berkshire used to be Activision's second-largest institutional shareholder, with a 6.3% stake, second only to Vanguard Group Inc. (7%).

The document did not mention any price, nor did it mention whether Berkshire bought or sold Activision Blizzard shares in July.

An investment manager at Berkshire invested in Activision Blizzard at the end of 2021, while Buffett raised his stake to nearly 10% in 2022.

It is worth mentioning that the billionaire told shareholders at Berkshire's annual general meeting in April 2022 that he did not know whether regulators would approve the deal, but "one thing we know is that Microsoft has a lot of money".

In fact, Berkshire's remaining Activision Blizzard shares-14.658121 million shares-are exactly the same as when they started buying, suggesting that Buffett has quit arbitrage gambling.

Last week, U.S. District Judge Jacqueline Scott Colley rejected the Federal Trade Commission's view in San Francisco that the merger would hurt competition for cloud games, game consoles and subscription services, and agreed to Microsoft's $68.7 billion acquisition. Activision Blizzard's shares rose 10% to $90.99 on July 11.

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