Activision Blizzard’s largest shareholder, Berkshire Hathaway, has revealed it is reducing its holdings in the business. Changes in the video game industry and Berkshire Hathaway’s business strategy, among other things, were the driving forces behind this choice. One of the biggest publishers and makers of video games in the world, Activision Blizzard’s stock has always been in high demand.
Reduction at Activision The performance of Berkshire Hathaway’s shares might have a big impact on the business and the entire investment industry. Such a choice might alter how other investors value Activision stock, given the size and influence of Berkshire Hathaway in the investment community. Additionally, this can serve as a warning to other investors, who might start to cut back on their Activision holdings.