Buffett says Berkshire Hathaway has 9.5% Activision stake

div classBodysc17zpet90 cdBBJodivpOMAHA, Neb. Reuters – Warren Buffett said on Saturday that Berkshire Hathaway Inc has taken a 9.5 stake in Activision Blizzard Inc, and built most of that stake after Microsoft Corp agreed to buy the video game maker for 68.7 billion.p

pBerkshire had previously disclosed owning a much smaller Activision stake, purchased by one of the portfolio managers who help Buffett invest Berkshires money.pdivdivdiv classBodysc17zpet90 cdBBJodiv

pSpeaking at Berkshires annual meeting, Buffett said he was responsible for the additional investment, and that Berkshire would file a report with regulators if its Activision stake exceeded 10.p

pBerkshire disclosed earlier on Saturday that it spent more than 51 billion on equities in the first quarter.p

pIt has made multibillion dollar investments this year in oil companies Chevron Corp and Occidental Petroleum Corp, as well as computer and printer maker HP Inc.p

pBerkshire also agreed in March to pay 11.6 billion in cash for the insurance company Alleghany Corp.p

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pp Reporting by Jonathan Stempel in Omaha, Nebraska Editing by Daniel Wallisp

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