Buffett Says Berkshire's Activision Purchase Was 'No Bonanza'

CNA2022-02-18

Warren Buffett said Berkshire Hathaway Inc's recent investment in Activision Blizzard Inc has been "no bonanza" for Berkshire, and was made without knowing the video game maker would receive a ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

Mm101
2022-02-19
Mm101
Gg
phongy 45
2022-02-18
phongy 45
A win win situation for all , good move ..
RDPD富爸穷爸
2022-02-18
RDPD富爸穷爸
This deal is a win win win for all tri-party. After this acquisition, Microsoft becomes a top 3 gaming company. Berkshire benefit from this quick investment and increase their cash cow. Activision can have no complaint, their share price was around $65 before the acquisition news, they are $30 richer with this deal.
KelW87
2022-02-18
KelW87
So buy now? Hahah

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2212964940?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2022-02-18 09:23","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2212964940","market":"us","top_or_hot":-1,"title":"Buffett Says Berkshire's Activision Purchase Was 'No Bonanza'","media":"CNA","content":"<div>\n<p>Warren Buffett said Berkshire Hathaway Inc's recent investment in Activision Blizzard Inc has been \"no bonanza\" for Berkshire, and was made without knowing the video game maker would receive a ...</p>\n\n<a href=\"https://www.channelnewsasia.com/business/buffett-says-berkshires-activision-purchase-was-no-bonanza-2505656\">Source Link</a>\n\n</div>\n","source":"can_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Buffett Says Berkshire's Activision Purchase Was 'No Bonanza'</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBuffett Says Berkshire's Activision Purchase Was 'No Bonanza'\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-02-18 09:23 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.channelnewsasia.com/business/buffett-says-berkshires-activision-purchase-was-no-bonanza-2505656><strong>CNA</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Warren Buffett said Berkshire Hathaway Inc's recent investment in Activision Blizzard Inc has been \"no bonanza\" for Berkshire, and was made without knowing the video game maker would receive a ...</p>\n\n<a href=\"https://www.channelnewsasia.com/business/buffett-says-berkshires-activision-purchase-was-no-bonanza-2505656\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4524","symbol_name":"宅经济概念","start_time":0,"source_url":"https://www.channelnewsasia.com/business/buffett-says-berkshires-activision-purchase-was-no-bonanza-2505656","article_id":"2212964940","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2212964940","pubTimestamp":1645147403,"sourceInfo":{"source_id":"can_highlight","name":"CNA"},"weMediaInfo":null,"summary":"Warren Buffett said Berkshire Hathaway Inc's recent investment in Activision Blizzard Inc has been \"","collect":0,"end_time":0,"defaultTopTitle":"channelnewsasia.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4524":"宅经济概念","MSFT":"微软","BRK.A":"伯克希尔","BK4085":"互动家庭娱乐","BRK.B":"伯克希尔B"},"translate_title":"巴菲特说，伯克希尔收购动视并不是一笔巨大的财富。","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BRK.A":0.9,"BRK.B":0.9,"MSFT":0.9},"content_text":"Warren Buffett said Berkshire Hathaway Inc's recent investment in Activision Blizzard Inc has been \"no bonanza\" for Berkshire, and was made without knowing the video game maker would receive a takeover offer from Microsoft Corp.In a letter released by Buffett's office on Thursday, Buffett said one of his investment managers paid about $77 per share for Berkshire's 14.7 million Activision shares, acquiring about 85per cent of his position in October and the rest in November.Buffett also said Berkshire had \"no prior knowledge\" that Microsoft was working on a $68.7 billion takeover of Activision, whose franchises include \"Call of Duty\" and \"Candy Crush,\" announced on Jan. 18.He did not say which investment manager, Todd Combs or Ted Weschler, made Berkshire's approximately $1.1 billion investment.Buffett sent his letter to various media that had reported on the investment, after one incorrectly said Berkshire paid an average of $66.53 per share for its Activision stake, not $77.That report was later corrected.Buffett said his investment manager could have amassed his stake after the merger was announced, when Activision sometimes traded at around $78 per share. \"His purchase was no bonanza of any sort for him or Berkshire,\" Buffett wrote.Activision shares fell in November amid accusations concerning sexual harassment of employees and misconduct by several top managers.The shares closed Thursday down 49 cents at $80.97, below Microsoft's $95 per share takeover offer. Analysts expect the merger will get tough antitrust scrutiny.Berkshire Vice Chairman Charlie Munger on Wednesday called Activision chief Bobby Kotick \"one of the smartest business executives I know.\"Munger spoke at the annual meeting of Daily Journal Corp, the newspaper publisher and legal software company he chairs.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":9094726122,"gmtCreate":1645239673080,"gmtModify":1676534012345,"author":{"id":"3565081661382277","authorId":"3565081661382277","authorIdStr":"3565081661382277","name":"Mm101","avatar":"https://static.tigerbbs.com/01758aa877d9e5a9767d24de3a4e2ff1","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3565081661382277"},"htmlText":"Gg","listText":"Gg","text":"Gg","images":[],"top":1,"highlighted":2,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9094726122","repostId":2212964940,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9094213903,"gmtCreate":1645149577117,"gmtModify":1676534003355,"author":{"id":"4101978790494150","authorId":"4101978790494150","authorIdStr":"4101978790494150","name":"phongy 45","avatar":"https://static.tigerbbs.com/f6f41e543307358288f75d55fe347ad2","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"4101978790494150"},"htmlText":"A win win situation for all , good move ..","listText":"A win win situation for all , good move ..","text":"A win win situation for all , good move ..","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9094213903","repostId":2212964940,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9094219246,"gmtCreate":1645149452741,"gmtModify":1676534003340,"author":{"id":"3563664364598207","authorId":"3563664364598207","authorIdStr":"3563664364598207","name":"RDPD富爸穷爸","avatar":"https://static.tigerbbs.com/ccb78267f6fdc8fcff96e8963a385af9","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3563664364598207"},"htmlText":"This deal is a win win win for all tri-party. After this acquisition, Microsoft becomes a top 3 gaming company. Berkshire benefit from this quick investment and increase their cash cow. Activision can have no complaint, their share price was around $65 before the acquisition news, they are $30 richer with this deal.","listText":"This deal is a win win win for all tri-party. After this acquisition, Microsoft becomes a top 3 gaming company. Berkshire benefit from this quick investment and increase their cash cow. Activision can have no complaint, their share price was around $65 before the acquisition news, they are $30 richer with this deal.","text":"This deal is a win win win for all tri-party. After this acquisition, Microsoft becomes a top 3 gaming company. Berkshire benefit from this quick investment and increase their cash cow. Activision can have no complaint, their share price was around $65 before the acquisition news, they are $30 richer with this deal.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9094219246","repostId":2212964940,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9094230539,"gmtCreate":1645147680082,"gmtModify":1676534003105,"author":{"id":"4092896272700520","authorId":"4092896272700520","authorIdStr":"4092896272700520","name":"KelW87","avatar":"https://static.tigerbbs.com/5ee68e8306172e06e12c6723b73ebdb8","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"4092896272700520"},"htmlText":"So buy now? Hahah","listText":"So buy now? Hahah","text":"So buy now? Hahah","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9094230539","repostId":2212964940,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":60,"commentSize":4,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.28.3","shortVersion":"4.28.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2212964940"}