Warren Buffett, chairman and CEO of Berkshire Hathaway, smiles as he plays bridge following the annual Berkshire Hathaway shareholders meeting in Omaha, Nebraska, May 5, 2019.<\/p>\n
Nati Harnik | AP<\/p>\n<\/div>\n<\/div>\n<\/div>\n
Warren Buffett<\/a>‘s Berkshire Hathaway<\/a><\/span><\/span><\/span> dumped a significant portion of its stake in Activision Blizzard<\/a><\/span><\/span><\/span>\u00a0as Microsoft’s<\/a><\/span><\/span><\/span> deal to buy the video game company edged closer to the finishing line.<\/p>\n The Omaha, Nebraska-based conglomerate disclosed a 1.9% stake in Activision with 14,658,121 shares, a new 13G filing<\/a> released Monday evening showed. That compared with a 6.3% stake at the end of March and a 6.7% stake at the end of 2022.<\/p>\n Shares of Activision soared more than 9% last week on news that the Federal Trade Commission lost its bid to block Microsoft’s $68.7 billion acquisition<\/a> of the video game publisher. Microsoft’s\u00a0appeal against U.K. regulators’ block on Monday was granted a two-month pause<\/a>.<\/p>\n The stock closed Monday at $93.21 apiece. In January 2022, Microsoft\u00a0announced intentions to buy Activision<\/a>\u00a0for $95 per share.<\/p>\n The “Oracle of Omaha” previously revealed that one of his investing lieutenants, Ted Weschler and Todd Combs, first took a stake in Activision<\/a> in October and November 2021with an average cost of $77 per share.<\/p>\n