Billionaire CEO of Berkshire Hathaway, Warren Buffettis one of the major figures in the American and global economy who bet onMicrosoft’s acquisition of Activision Blizzard And now he has his word on it The embargo imposed by the British Capital Markets Authoritytold us frankly that ” The UK got it wrong“.
During a question-and-answer session, which is a standard part of the annual meeting of the Berkshire Hathaway (One of the largest holding companies in the world), CEO Warren Buffett and Vice President Charlie Munger answered several questions from shareholders, and one of these questions is related to preventing Microsoft’s acquisition of Activision Blizzard, which was imposed by the British Financial Market Authority.
Considering that the holding company in question owns 6.7% of procedures Activision Blizzard, the problem has obviously hit the company hard, which from the acquisition would have received a huge increase in the value of the shares, which instead fell dramatically after the announcement of the UK ban.
Buffett stated that, in his view of things, “the UK government is making a dossier Fatal errorObstruction of the process. According to the economist, the question was hardly expected, also because a country’s intention to prevent the takeover did not seem to depend on objective factors.
For its part, Buffett said, Microsoft did everything it could: “Microsoft has been remarkably cooperative with government agencies. Preliminary actions.” “However, this does not mean that the deal can happen if one country – in this case the UK – wants to block it. They are in a better position than the US to prevent this takeover, that is the way the world works and it is not that it can be resolved through Offer more money, so I don’t know how it goes,” Buffett said.
“I think the UK government is making a mistake here, but that’s the way it works, I would say, and what we do always depends on a lot of different factors,” concluded the Berkshire Hathaway CEO. Meanwhile, we’ve seen that Microsoft has hired superstar attorney Daniel Beard KC to fight the CMA on appeal and try to overturn the ruling on the acquisition.
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