Nearly a year ago, Microsoft (NASDAQ: MSFT) announced its intentions to purchase Activision Blizzard (NASDAQ: ATVI) for $95 per share. Considering Activision shares are currently trading for roughly $77, there is an implied 23% upside here. This type of action is called arbitrage, which means purchasing an asset at a discount to its buyout price to flip it when it reaches its full potential. Read More...
Nearly a year ago, Microsoft (NASDAQ: MSFT) announced its intentions to purchase Activision Blizzard (NASDAQ: ATVI) for $95 per share. Considering Activision shares are currently trading for roughly $77, there is an implied 23% upside here. This type of action is called arbitrage, which means purchasing an asset at a discount to its buyout price to flip it when it reaches its full potential.
