Microsoft spent a lot of money on Activision, even though it will only be a small part of the business.
Warren Buffett saw an opportunity to put some of his cash to work in early 2022, shortly after Microsoft (NASDAQ: MSFT) announced a deal to purchase Activision Blizzard. Earlier this month, Microsoft paid $95 per share to each shareholder of Activision Blizzard. As of the end of the second quarter, Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) had 14,658,121 shares of the video game maker.
Microsoft (MSFT) was granted approval by UK regulators to cement its $69 billion acquisition of developer Activision Blizzard (ATVI). This deal will be the largest ever in the video game industry, coming ahead of the holiday shopping season. Yahoo Finance Tech Editor Dan Howley breaks down the top gaming titles set to be released in the coming weeks and months. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.