So my understanding of this acquisition deal is that MSFT will purchase all shares of ATVI outstanding at a price of $95 per share. It has been slightly sliding as the market tanks recently to a price of $77 today. If the deal goes through, every shareholder will immediately experience 95/77 = 1.23, so 23% gain as the broker sells their shares.
What are really the odds that the deal falls through? I feel like that has got to be one of the most no brainer bets for 10-15% of a portfolio right now for stock traders, right? Do people really think that a bear market is going to render MSFT unable to fork up $70b?
Not to mention, of course, that ATVI board must be desperate to get some competent leadership on board. I imagine they will do whatever it takes to ensure the buyout goes through. Their products have been complete shit if not nonexistent for years.
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