activisionblizzard
Key Points Diablo IV is the fastest-selling game in Blizzard’s history, surpassing $666 million in sales during the first five days of release.Microsoft offered to acquire Activision Blizzard in an all-cash deal at $95 per share, valuing it at $68.7 billion.The European Commission (EC) approved the takeover on May 15, 2023.The U.S. Federal Trade Commission (FTC) has sued to block the transaction causing the deal to continue pending regulatory approval. A hearing is scheduled in late June 2023, and a ruling is expected in July 2023.The merger has July 18, 2023, termination date and a $3 billion...
ValueWalk
Microsoft has suffered this year, just like other tech stocks.However, signs abound that the worst might be over.Investors have a lot to be excited about in the longer term.The S&P 500 index is up 15% from the lows of last month. This means that investors have a lot to be happy about going into Thanksgiving week, especially given how bleak things have looked at various times in recent months. Q3 2022 hedge fund letters, conferences and more Find A Qualified Financial AdvisorEach advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. If you're r...
ValueWalk
Shares have been selling off in recent weeks.A fresh earnings beat could spark a recovery rally.The pending deal with Microsoft is a potential risk.A 12% drop over the past two months might have suggested that investors didn’t have high hopes for Activision Blizzard’s (NASDAQ:ATVI) latest earnings report, but it looks like they might have underestimated them. The video game maker which rode the pandemic fuelled wave of gains in 2021, released its Q3 earnings yesterday evening. Q3 2022 hedge fund letters, conferences and more Find A Qualified Financial AdvisorEach advisor has been vetted by Sma...
ValueWalk
“Follow the smart money.” We’ve all heard this saying. It means if you want to make big money in the markets, do the following: Find the smartest investors, buy the stocks they buy, and watch your money grow alongside theirs. It’s one of the simplest ways to profit in the stock market. Today, a handful of the world’s smartest and richest “investors” have their sights on one specific corner of the market. In fact, one of these “investors” has already made a historic $70 billion bet. And more are rumored to join the party soon… Q2 2022 hedge fund letters, conferences and more The best part? By p...
ValueWalk
While the market waits on regulatory approval of Microsoft’s (NASDAQ:MSFT) takeover, Activision Blizzard (NASDAQ:ATVI) is on the verge of releasing a flurry of new content that should drive results in Q3 and Q4. Benchmark noted the content and called it a “significant” second-half catalyst that should drive growth into 2023. Names on the roster include new releases in the Call of Duty, World of Warcraft, and Overwatch brands while a new Diablo release is slated for next year. Q2 2022 hedge fund letters, conferences and more Moffet Nathanson recently upgraded the stock citing a 20% discount to ...
ValueWalk
Shareholders of Activision Blizzard Inc (NASDAQ:ATVI) have approved Microsoft Corporation (NASDAQ:MSFT)’s all-cash acquisition of the gaming giant. The deal is said to be finalized in 2023, and it is said to be worth $95 per share. ApprovalQ1 2022 hedge fund letters, conferences and more Earlier, the body SOC Investment Group had asked Activision shareholders to vote against the agreement. Bobby Kotick, the studio's current CEO, welcomed the shareholders' move and said they continue to work to resolve their issues and create a safe workplace for everyone. The results of the vote will later be ...
ValueWalk
It’s been a wild few months for shares of Activision Blizzard (NASDAQ:ATVI) as they’ve whipped from above $80 to below $60 and back again. Investors of the video game maker have been left guessing what will become of Microsoft’s (NASDAQ:MSFT) acquisition plans, while at the same time video game sales have been steadily dropping for much of the year so far. But the California headquartered company released their Q1 earnings yesterday morning, which gave Main Street and Wall Street alike a glimpse into the internal engine. Q1 2022 hedge fund letters, conferences and more On the face of it, the n...
ValueWalk
I. IntroductionActivision Blizzard, Inc. (NASDAQ:ATVI) is a giant of the video game entertainment industry. As the publisher and owner of legendary IPs such as Starcraft, Diablo, Overwatch, World of Warcraft, Tony Hawk, and Call of Duty, Activision Blizzard’s influence over gaming history is immense. However, revelations of a questionable history and culture at Activision Blizzard have begun to sink its reputation and evaluation. At least, before Microsoft announced their intention to acquire Activision Blizzard at a price of 95 dollars per share, for a total of 68.7 billion dollars[1]. Howeve...
ValueWalk
Tech giant, Microsoft Corp (NASDAQ:MSFT) recently announced it was acquiring “Call of Duty” videogame maker Activision Blizzard (NASDAQ:ATVI) for $68.7 billion in cash. Q4 2021 hedge fund letters, conferences and more Being one of the biggest deals in the technology sector, the deal is said to help the Xbox maker become the third-largest gaming company by revenue. Companies acquire other companies for various reasons, whether it be seeking economies of scale, diversification, or obtaining greater market share. Since Microsoft’s first acquisition in 1987, it has made twelve acquisitions worth o...
ValueWalk
Disclosure: I am long Activision Blizzard, Inc. (NASDAQ:ATVI) and Microsoft Corporation (NASDAQ:MSFT). Q4 2021 hedge fund letters, conferences and more Big news in the gaming world. Microsoft (MSFT) agreed to buy Activision Blizzard (ATVI) in an all-cash deal valued at about $75 billion (net of cash $68b), or $95 per share . This is the largest gaming industry acquisition ever, which crushed the previous record established last week when Take Two bought Zynga for $11 billion. The deal is also Microsoft’s biggest ever. Microsoft offered a 45% premium. This is a hefty premium compared to where A...
ValueWalk
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