Warren Buffett’s Berkshire Hathaway manages more than 330 billion in investment assets. Activision Blizzard accounts for less than 0.3 percent of the portfolio.
16.2. 15:16 | Updated 16.2. 17:14
World called the best investor Warren Buffettin investment firm Berkshire Hathaway acquired gaming company Activision Blizzard back in October, says The Wall Street Journal (WSJ).
Berkshire Hathaway filed a notice with the SEC, the U.S. Securities and Exchange Commission, on Monday, saying the company owned about $ 975 million in Activision Blizzard shares on the last day of December. Berkshire Hathaway owned more than 14.6 million shares of Activision Blizzard at the time.
The announcement of Buffett’s investment was significant, as Microsoft said it had acquired Activision Blizzard for nearly $ 70 billion, or about $ 60 billion, since mid-January. This is the software company’s largest acquisition ever. The deal should be approved by the competition authorities by mid-next year.
Since the announcement of the deal, Activision Blizzard’s share price has risen about 22.5 percent. The value of Buffett’s investment has thus increased by more than $ 200 million since the turn of the year.
According to a source interviewed by WSJ, Buffett’s investment company bought shares in Activision Blizzard back in October. According to the source, Activision’s share cost about $ 77 at the time. At the end of Tuesday, Activision’s share cost about $ 81.5, so if WSJ’s data is correct, the value of Buffett’s investment has risen just under six percent.
To the SEC At the end of the year, Berkshire Hathaway was managing approximately $ 331 billion in investment assets. Nearly half of the investment is in shares of technology company Apple.
From this table, you can see in more detail which companies Buffett’s company has invested in.
Berkshire Hathaway is an investment company listed on the New York Stock Exchange in 1980. Its market capitalization was nearly $ 707 billion at the end of Tuesday.
The company is the sixth most valuable company in the S & P500 stock index.
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