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.
