Berkshire Hathaway jumped into Activision Blizzard after a state lawsuit alleging a sexist culture sent the stock price down.
Highlights
- Berkshire Hathaway purchased $1 billion worth of shares in Activision Blizzard in the fourth quarter.
- Microsoft agreed to buy the video-game publisher for $68.7 billion.
- The California Department of Fair Employment and Housing filed a suit alleging a sexist culture.
- Berkshire owns 14.66 million shares valued at $975 million as of the end of 2021, a regulatory filing shows.
- The deal would be the largest deal ever by a U.S.