Berkshire Hathaway Inc. started buying more shares of Activision Blizzard Inc. since Microsoft Corp. announced its plan to acquire the videogame maker in January and now has a 9.5% stake, Warren Buffett said Saturday at Berkshire's annual meeting. Buffett said those purchases were his decision and are a bet that the deal will close. Activision shares ended Friday at $75.60, while Microsoft has offered $95 a share. Berkshire would be required to make a regulatory filing if its stake topped 10%. B Read More...
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Black Friday for The FAANG Who May Lose a Member
While concerns were already surrounding tech as the Federal Reserve hiked interest rates to curb inflation, there was still hope that tech tenors would provide some reassurance on the outlook for companies much more established. There was the hope that Apple , Amazon , Google (Alphabet) could make people forget the possible underperformance of Facebook (Meta) , or even Netflix . From the first quarter results of Facebook, Apple, Amazon, Netflix and Google, the famous FAANG, it appears that fears about a possible recession are well founded.
