Buffett’s Berkshire Bought Activision Shares Before Microsoft Takeover

Buffett’s Berkshire Bought Activision Shares Before Microsoft Takeover
Bill Gates (L) and Warren Buffett (R) speak at an event organized by Columbia Business School in New York, on Jan. 27, 2017. Spencer Platt/Getty Images
Reuters
Updated:

Warren Buffett’s Berkshire Hathaway Inc. acquired nearly $1 billion of shares in Activision Blizzard Inc. before Microsoft Corp. agreed to buy the video game maker for $68.7 billion, according to a Monday regulatory filing.

Berkshire said that as of Dec. 31, it owned 14.7 million shares worth about $975 million of the “Call of Duty” maker.