Warren Buffett cashed in his monster bet on Microsoft buying Activision Blizzard – but left some money on the table

• Warren Buffett exited his wager on Microsoft buying Activision Blizzard last quarter, filings show.
• Buffett built a $5 billion Activision stake, wagering the stock would hit Microsoft’s offer of $95.
• He’s now sold the shares he bought, reducing Berkshire’s stake to its pre-arbitrage size.

Warren Buffett closed out his bet on Microsoft buying Activision Blizzard last quarter, and likely left some money on the table.

Buffett’s Berkshire Hathaway slashed its Activision stake by 70% to 14.7 million shares or 1.9% of the company last quarter, a Securities and Exchange Commission filing revealed on Monday.