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.

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Source Fool.com