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joined discussion08/16/2022 14:01

Buffett's Berkshire boosts Ally, Activision holdings

Berkshire Hathaway has tripled its stake in online banking company Ally Financial Inc and increased its bet that Call of Duty video game maker Activision Blizzard Inc will be acquired by Microsoft Corp.
Buffett's Berkshire boosts Ally, Activision holdings
In the second quarter, Berkshire's Ally stake grew to 30 million shares from about 9 million, while its Activision stake grew to 68.4 million shares, worth $5.3 billion, from 64.3 million.

The Activision investment is a form of arbitrage, where Buffett appears to be betting that investors are pessimistic that regulators will approve Microsoft's proposed $68.7 billion takeover of the company.

$Berkshire Hathaway 13F(BK2999.US)$$Berkshire Hathaway-A(BRK.A.US)$$Berkshire Hathaway-B(BRK.B.US)$$Microsoft(MSFT.US)$$Activision Blizzard(ATVI.US)$$Ally Financial(ALLY.US)$
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