Apr 30, 2022 - Economy & Business

Warren Buffett: Berkshire Hathaway has 9.5% stake in Activision

Warren Buffett. Photo: Johannes Eisele/AFP via Getty Images

Berkshire Hathaway has a 9.5% stake in Activision Blizzard, billionaire Warren Buffett revealed on Saturday at Berkshire's annual meeting.

The big picture: Berkshire has been buying shares of the video game giant since January, when it bought stock just before Microsoft announced it had agreed to buy Activision for $68.7 billion in cash.

  • Berkshire initially owned 2% in Activision before its latest purchases.

What they're saying: Buffett said the Activision stock purchases were his decision and a bet that the deal with Microsoft would close.

  • "If the deal goes through, we make some money," Buffett said at Berkshire's annual shareholder meeting.
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