Berkshire Hathaway cuts stake in Activision to 1.9% from 6.7%
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Investing.com — Warren Buffett’s Berkshire Hathaway (NYSE:BRKa) cut its passive stake in Activision to 1.9% from 6.7% previously, according to a regulatory filing Monday.
Berkshire Hathaway (NYSE:BRKb) held a 1.9% stake in Activision as of Jun. 30, down from 6.7% as of Dec. 31, 2022, the company reported in a regulatory filing with Securities and Exchange Commission.
The report comes just as Microsoft (NASDAQ:MSFT) inched closer to wrapping up its $69 billion dollar acquisition of Call of Duty game maker Activision.
The Federal Trade Commission lost its appeal to pause the deal on antitrust grounds. The competition watchdog filed the appeal after a Federal judge last week rejected its request to delay the acquisition, citing a lack of evidence that the deal would lessen competition.
Activision Blizzard Inc (NASDAQ:ATVI) ended the day up more than 3%.
