Activision Blizzard Deal: The $95 Arbitrage
21 Enero 2022 - 08:59AM
TipRanks
This, week Microsoft (MSFT) announced its plans to acquire
Activision Blizzard (ATVI) in an all-cash offer for $68.7 billion.
Including Activision's net cash position of $6.4 billion, the deal
is valued at $95 per share. The deal is expected to close sometime
in 2023 after regulatory approval. Activision has a number of
strong gaming brands including Call of Duty, Candy Crush, Warcraft,
Overwatch, Diablo etc. Microsoft can realize synergies and also
expand into mobile gaming through this deal, which is why it is
offering more than 20x Activision's trailing 12 month EBITDA ($3.4
billion). I am bullish on Activision stock in the near term, and
neutral on Microsoft.
https://www.tipranks.com/news/article/activision-blizzard-deal-the-95-arbitrage?utm_source=advfn.com&utm_medium=referral
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