Warren Buffett’s Berkshire Hathaway bought a nearly $1 billion stake in Activision Blizzard in the fourth quarter of 2021, weeks after the video game maker agreed to sell itself to the company for $75 billion. Microsoft.

The sprawling industrial conglomerate, which manages a stock portfolio worth hundreds of billions of dollars, disclosed a purchase of 14.7 million Activision shares in a securities filing late Monday.

Investments in game makers such as World of Warcraft and call of Duty Stand out in a quarter when Berkshire made relatively small adjustments to its holdings.The $703 billion group owns illegible Attract investment in recent years.

It was unclear whether the buying of Activision stock was directed by Berkshire CEO Buffett, or by two of his investing lieutenants, Todd Combs or Ted Weschler.

Activision shares have surged 23% this year, far outperforming the market, reflecting Microsoft’s premium Agree to pay for takeover company.The deal needs approval from competition regulators, and Microsoft has already Commitment measures to resolve potential problems.

Berkshire’s stake was reportedly worth $975 million as of Dec. 31. At Activision’s Monday closing price of $81.50, the stake is worth nearly $1.2 billion. Whether Buffett’s group still holds a stake in the video game maker has not been disclosed.

Buffett is likely to provide an update on Berkshire’s investments when Berkshire Hathaway releases its closely-watched shareholder letter and annual report in late February.

Microsoft co-founder Bill Gates was Buffett’s bridge partner. resign Served on Berkshire’s Board of Directors in March 2020.Buffett Resign Last year, Gates and his wife, Melinda France Gates, announced that they were board members of the Bill & Melinda Gates Foundation, the world’s largest private philanthropic organization. divorce.

Berkshire Hathaway’s board changed again on Monday after the company separately said longtime director Tom Murphy had decided to step down. Murphy, the former CEO of station owner Capital Cities/ABC, which later merged with Disney, has been on Berkshire’s board since 2003.

The company said Murphy, 96, was recovering from Covid-19 and thought he would “prefer to end his activities at Berkshire.”

“Murphy taught me more about running a business than anyone else,” Buffett said. “We’ve been friends and spiritual partners for over 50 years.”

Berkshire’s securities filings on Monday showed, continue to sell In the final months of 2021, it invested in several pharmaceutical companies. It exited its position in generic drug maker Teva and sold more than 70% of its remaining stakes in AbbVie and Bristol-Myers Squibb.

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