Buffett’s Berkshire Takes Activision Blizzard Stake, Exits Teva
- Buffett’s company discloses new investment in game giant
- Berkshire boosts Chevron holding, reports no Teva stake
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Warren Buffett’s Berkshire Hathaway Inc. took a stake in Activision Blizzard Inc., the game giant that has agreed to be acquired by Microsoft Corp., in an investment that would have been valued at $975 million at the end of the year.
Berkshire held nearly 14.7 million shares in the video-game company as of Dec. 31, according to a regulatory filing released Monday. The conglomerate snapped up the stock ahead of Activision’s $69 billion deal with Microsoft, which was announced mid-January.