Warren Buffett Just Received $1.4 Billion From Microsoft. What Will He Buy With It?
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. Now, he's getting his payout.
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. That's good for a payout of nearly $1.4 billion.
Here's how Buffett managed Berkshire's position in Activision leading up to the acquisition, and what he's most likely to do with the fresh cash.
Source Fool.com
Activision Blizzard Inc. Stock
€89.70
0.670%
Currently there is a rather positive sentiment for Activision Blizzard Inc. with 3 Buy predictions and 0 Sell predictions.
On the other hand, the target price of 89 € is below the current price of 89.7 € for Activision Blizzard Inc., so the potential is actually -0.78%.
