Warren Buffett’s Berkshire Hathaway, will make a windfall profit on Activision Blizzard shares it bought in the 4Q21 after Microsoft announced its intent to buy the California-based game developer in January.
Berkshire Hathaway bought $1 billion of Activision shares toward the end of 2021 as the video game publisher suffered one disappointing game release and two delayed releases in November 2021, as well as a government suit accusing the company of harboring a sexist culture.
Buffett is a longtime friend of Microsoft co-founder Bill Gates who was a board member of the investment firm until 2020.
The Activision deal, valued at $68.7 billion, is the largest in tech history, as Microsoft prepares for the popularization of the augmented reality metaverse.
