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Adam Eckert

FORGOTTEN HISTORY: Why activision blizzard shares are rising today 575c362a e140 4e27 9abf f494808dedcf - The Untold Story

Activision Activision Blizzard Warren Buffett Berkshire Nasdaq Berkshire Hathaway Video Game

Activision Blizzard Inc (NASDAQ:ATVI) shares are trading higher Monday morning after Warren Buffett said Berkshire Hathaway has built about a 9.5% stake in the video game company.

Microsoft Corp (NASDAQ:MSFT) announced an agreement to buy Activision for $95 per share at the beginning of the year. With the stock trading well below $95, Buffett, on Saturday, announced Berkshire has been increasing its stake in a merger arbitrage play, betting that the deal will close.

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