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.
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.
$Berkshire Hathaway 13F(BK2999.US$ $Berkshire Hathaway-A(BRK.A.US$ $Berkshire Hathaway-B(BRK.B.US$ $Microsoft(MSFT.US$ $动视暴雪(ATVI.US$ $Ally Financial(ALLY.US$
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.
$Berkshire Hathaway 13F(BK2999.US$ $Berkshire Hathaway-A(BRK.A.US$ $Berkshire Hathaway-B(BRK.B.US$ $Microsoft(MSFT.US$ $动视暴雪(ATVI.US$ $Ally Financial(ALLY.US$
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
Some famous words of Buffett. I hope it's useful to you. : )
203Followers
4Following
4615Visitors
Follow