Warren Buffett Is Selling Activision Stock Before the Microsoft Acquisition Closes. Should You?
Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) raised some eyebrows when it first bought shares of Activision Blizzard (NASDAQ: ATVI). That's because the transaction occurred not long before Microsoft (NASDAQ: MSFT) announced plans to acquire Activision for nearly $69 billion in an all-cash transaction.
Berkshire CEO Warren Buffett felt the need to clarify things, releasing a letter explaining that Berkshire didn't have any prior knowledge of Microsoft's plans. Nothing ultimately became of the controversy.
Buying a stake in Activision proved to be a lucrative move for Berkshire. Now, though, Buffett is selling Berkshire's Activision stock before the Microsoft acquisition closes.
Source Fool.com
Berkshire Hathaway Inc. A Stock
€575,000
-0.610%
With 8 Buy predictions and not the single Sell prediction the community is currently very high on Berkshire Hathaway Inc. A.
As a result the target price of 650000 € shows a slightly positive potential of 13.04% compared to the current price of 575000.0 € for Berkshire Hathaway Inc. A.
