Warren Buffet Bought 9% Stake in Blizzard

Community General Discussion
41

Clearly it’s because he wants to dictate individual encounter and/or class/spec balance changes and that level of investment gives him direct say.

Hashtag eyeroll

Like come on…dude doesn’t give a single iota of a crap about the individual games and how they play. He cares about the companies and how he can wring more money out of them and/or otherwise profit off them. Any input he has is purely going to be involve at the tippy top executive level only. Sure Bobby can/should be 100% worried (for a lot of reasons too) but we, as players, aren’t going to be impacted in the least bit by anything going on at his level.

42

I had the pleasure to meet him about 9 years ago as he bought a stake in the company I work for.

I was just on the production line working on a part that required water to be poured on it as work was being done. From behind me someone asked what I was doing which at that point got asked about 30 times a week. So I just quipped, “washing it.”

Turned and it was Warren with our management team and a few C-levels. He was the only one that laughed.

43

He’s old, fat and preachy?

Either way, i doubt he even knows what a video game is. He just buys the stocks his army of financial analysts at Berkshire tell him to and yeah ATVI might be underpriced atm.

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44

Buffet knows the merger will go through.

He’s buying now before share price sky rockets.

Not sure what this means for us though.

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45

gamestops been a meme stock for decades lol

46

Probably means that he thinks the Microsoft purchase will ultimately be approved and he is looking to make a profit.

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47

He’s in it for the arbitrage. ATVI is a cash machine, so the downside risk is minimal if the deal doesn’t go through.

48

Goblin shaman main with a bunch of farm bot alt accounts.

49

Just wanted to clarify something -

  • Companies publish to the SEC a quarterly report of holdings which gets uploaded to their EDGAR database
  • Companies have up to 2 months after the end of a quarter to submit these
  • This means that any filings you see about stock filings are already 2 months old but in saying that …
  • Warren Buffett and/or his investment companies have not recently brought any shares in ATVI.
  • The bulks of shares they have ~64.3 Million shares were purchased between Jan 2022 and April 2022 (that’s about 8.22% using current outstanding shares in the calculation)
  • Between Apr and July 2022 they purchased another ~4 Million shares
  • Between July and Oct 2022 they sold ~8.2 million shares

All these transactions put them at ~7.5% currently

So no not new but any stretch of the imagination.

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50

What makes me laugh are the people saying that this is a sign something is happening privately.

Like, do they not know that’d be insider trading? Warren isn’t gonna risk jail time for Blizzard. Lol.

51

:rofl:

52

Means Warren Buffet bought 9% stake. Like his investment firm does with multiple companies. Means he will make money. Doesn’t mean anything will change.

54

To be honest, I believe that this won’t end well…for him.

55

Someone told him to diversify so he listened to them. :nerd_face:

56

Billionaire worship is real.

57

Correct

58

You stop desecrating that man’s name by associating it with one of the many kinds of people he hated.

George Carlin was a treasure to the world.

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59

Warrant buffet just wants your mogs.

He can hire a team to play his account all day to collect transmogs - he can afford it. They can even carry him, full carry.

But, nope! He is going to need all gear.

And I bet you Bobby Bootlicker is going to ban anyone who rolls greed even!!

It’s unfair!! Wah!!

60

Buffet plays Troll rogue obviously.

61

Wu-Tang Financial

1 Like