A regulatory filing has revealed that Warren Buffett’s Berkshire Hathaway Inc acquired nearly $1 billion of shares in Activision Blizzard Inc before Microsoft Corp agreed to buy the video game maker for $68.7 billion.
Berkshire, as of Dec. 31, owned 14.7 million shares worth about $975 million of Activision.
Another prominent investor, Daniel Loeb’s hedge fund Third Point, bought 2 million Activision shares in the fourth quarter.
In the fourth quarter, Berkshire also added to its stake in oil company Chevron Corp, while reducing its holdings in healthcare companies including Bristol-Myers Squibb Co and Abbvie Inc.
Apple Inc remains Berkshire’s largest common stock holding.