Warren Buffett’s Berkshire Hathaway Inc. bought the bulk of the shares it acquired last quarter in Activision Blizzard Inc. in October, according to a person familiar with the matter, which was before the videogame company’s stock price fell in November and ahead of its deal to be bought by Microsoft Corp.
A securities filing Monday showed Berkshire bought nearly 14.7 million shares in Activision Blizzard in the fourth quarter of 2021. Last month, Microsoft said it would buy Activision—known for its “Call of Duty,” “World of Warcraft” and “Candy Crush” franchises—in an all-cash deal valued at roughly $75 billion.