Warren Buffett, one of the richest men on the planet and a well-known investor, has expressed his opinion about the acquisition of Activision Blizzard by Microsoft, saying that in his opinion the deal will happen.Earlier this year, to everyone's shock, Microsoft announced that it plans to buy Activision Blizzard for just under $70 billion.If the deal goes through, it would be the largest in the history of the gaming industry and would give Microsoft ownership of massive franchises such as Call of Duty, World of Warcraft, Overwatch and many, many more.Due to the scale of the deal, there has been some opposition from politicians and investors, leading some to believe that the deal could be derailed.Warren Buffett, however, has bet that the deal will be approved.The Berkshire Hathaway billionaire's company increased its stake in the company from 2 percent to 9.5 percent, or about $6 billion.Buffett made it clear that it was his decision to increase his position.\"This is my purchase, not the manager who bought it a few months ago,\" Buffett said.\"If the deal goes through, we'll make some money.\"The reason for this decision is that Activision stock now trades around $75, and if the deal goes through, Microsoft will acquire the company at $95 a share, creating a significant profit for investors.Some speculate that the stock price is low because Wall Street thinks the deal will fall through, but this is just speculation.Earlier this week, shareholders voted to approve Microsoft's acquisition of Activision Blizzard, which means that the deal must now be approved by regulators.If all goes smoothly and according to plan, the deal is expected to close by the summer of 2023.For now, Activision continues to operate as usual.Call of Duty: Modern Warfare II was officially announced earlier this week, and the game will likely be one of the best-selling games of 2022, if not the best-selling game of the year.Microsoft has said that it will probably keep Call of Duty on the PlayStation for the foreseeable future once it gains control of the IP.For now, fans will have to wait and see what happens.Still, if big players like Warren Buffett are expressing optimism about the deal, it sounds favorable.
Home Industry Warren Buffett believes that the Microsoft deal with Activision Blizzard will be approved, and has increased his stake in the company
Sunday, May 1, 2022
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