Warren Buffett increases Berkshire Hathaway's stake in Activision
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Berkshire Hathaway's (BRK.A) (BRK.B) Warren Buffett said Saturday the company had increased its stake in Activision Blizzard (NASDAQ:ATVI) to 9.5%, as of April 29, a move that was his decision.
The company's original stake in Activision (ATVI) was bought by one of the investment managers at Berkshire (BRK.B), he said at its annual meeting.

When Berkshire (BRK.B) made its first investment in the gaming company Activision (ATVI) shares were in the $60s. Then Microsoft (MSFT) agreed to buy Activision for $95 per share. Activision shares closed Friday at $75.60.
"If the deal goes through, we make some money," Buffett said. He also admitted he could lose some if the deal falls apart.
Previously (Jan. 18), Microsoft (MSFT) buys 'Call of Duty' publisher Activision (ATVI) for almost $69B