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Benzinga
Benzinga
Business
Joel Elconin

PreMarket Prep Stock Of The Day: Buffett's Risk-On Approach To Activision Blizzard

Warren Buffett Activision Activision Blizzard NYSE Dennis Dick Berkshire Berkshire Hathaway Nasdaq

At the annual meeting for Warren Buffett’s Berkshire Hathaway (NYSE: BRK-A)(NYSE: BRK-B), it was announced his firm added to its position and has a 9.5% stake in Activision Blizzard Inc. (NASDAQ:ATVI). The reason being Buffett is confident Microsoft Inc.'s (NASDAQ:MSFT) offer to buy the company will be approved by regulators.

Since it has been quite some time since Buffett has dabbled in the risk arbitrage space, the topic was discussed on Monday’s PreMarket Prep Show. Mainly, the risk/reward Buffett is banking as well as the potential outcome.

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