Warren Buffett's Berkshire Hathaway Inc acquired nearly $1 billion of shares in Activision Blizzard Inc before Microsoft Corp agreed to buy the video game maker for $68.7 billion, according to a Monday regulatory filing.
Berkshire said that as of Dec. 31, it owned 14.7 million shares worth about $975 million of the "Call of Duty" maker.Register now for FREE unlimited access to Reuters.comActivision shares are up 23% this year to $81.50, though they remain well below the proposed $95 per share takeover price, reflecting potential antitrust concerns.
Berkshire disclosed its Activision stake in a filing detailing its U.S.-listed stock investments as of Dec. 31. The filings do not say who bought and sold what, though Buffett generally handles larger investments.
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