Reddit Posts
I have an extra $7k after the Microsoft x ATVI close, not sure what else to buy.
I am going to miss writing ATVI puts. Used to have money coming in every week but all good things must come to an end...
what happened to my ATVI stocks?
Been holding ATVI for a while so I could cash in after it moons post Microsoft merger. Turns out thats not the way things work 😬😩🤣
Why is $SAVE training at a near 90% Discount?
Elon playing Diablo 4 (ATVI stonk to the moon?)
Looking for help on the topic of dividend implications for deep ITM options
SAG-AFTRA Gears Up For Possible Strike Against Video Game Industry
SAG-AFTA votes for strike authorization against at least 10 game companies
What happens to stock when company get bough for cash? ATVI - MSFT Deal
I think EA needs to sell themselves because they can't figure out how to make their stock proce go up on their own
Will RH try to sell my ITM or near ATM-covered calls before expiration?
I think the DOJ/FTC are full of shit and will buy any stock they target like AMZN, ATVI, & LYV
CMG, CROX, LYV: I tried to diversify, but all of my stocks went down by 10%
At what price per share is Microsoft ($MSFT) buying Activision ($ATVI)?
At what price per share is Microsoft ($MSFT) buying Activision ($ATVI)?
Sold my ATVI stock and bought CMG, CROX, LYV, and NVIDIA
I was waiting for yesterday to sell my MSFT position but now I don't know
first substack post as a 15 year old wannabe trader(feedbac needed). This was written a few days ago
My first substack post as a 15 year old options wannabe trader(feedback pls if anyone is crazy enough to read the whole thing)
Why are Activision Call Options with $95+ strike trading at these prices?
FTC loses appeals court bid to temporarily block Microsoft-Activision deal
What are some upcoming events you’re looking forward to?
FTC to appeal judge's decision denying injunction against MSFT-ATVI merger
Microsoft $MSFT wins US court approval to acquire Activision $ATVI
Microsoft $SFT wins US court approval to acquire Activision $ATVI
Why my $ATVI bullish call spread is in loss?
Why has $MSFT gone down after the victory over the FTC?
Do you all have that one stock that you feel will make you happy you invested in it and that will potentially change your life?
$ATVI / $MSFT hearing outcome predictions?
Can somebody help explain why Activision Blizzard (ATVI) is struggling this week? Down 1.5% when it seems as though it should be trending up
iRobot shares up 20% on U.K. Approval of Acquisition by Amazon
George Osborne advisory firm lands role on contested $75bn Call of Duty deal - calls on ATVI now that some palms have been greased
Stocks moving in after-hours: Berkshire Hathaway ($BRK.A), Beam Therapeutics Inc($BEEM), Tesla ($TSLA).
EU approves Microsoft’s $69 billion acquisition of Activision Blizzard, clearing huge hurdle. Bullish on ATVI and MSFT?
With Microsoft-Activision deal on life support, sniping ramps up for appeal (NASDAQ:ATVI)
Is the CMA regarded for blocking ATVI?
UK blocks MSFT $69 billion Activision deal
UK regulator blocks Microsoft’s acquisition of "Call of Duty" maker Activision Blizzard
Britain blocks Microsoft’s $69 billion acquisition of Activision Blizzard
Microsoft preparing to close deal with Activision
Microsoft preparing to close deal with Activision according to The NY Post
Long dated options after acquisitions do not expire worthless. ATVI covered calls are risky
Activision CEO updates staff on MSFT Acquisition - March 28
🚀🌕 ULTIMATE DD: $ATVI Moon Mission - Microsoft's Takeover = FREE MONEY! 💰💰
CBRL and SCHL rises on upgrade; ATVI up on easing regulatory concerns; SCHL slides
The Market Recap: Fed Raises Interest Rates in Emergency Action, Market Rebounds on Positive Note. ATVI and NFLX Bullish
Activision Stock Blasts Higher on Microsoft Takeover Regulatory Developments
Activision Stock Blasts Higher on Microsoft Takeover Regulatory Developments
Question about outstanding options contracts during an aquisition
Activision Blizzard pops 8% as UK regulator narrows inquiry scope on Microsoft merger
ATVI- Jun16 87.5c or 90c barely any volume?
$ATVI what happens if the merger goes through ($95/share) and you own a boatload of the $80c for June?
Notional Value for Call Selling in a stock almost about to get bought out
Is it currently worth buying into the ATVI buyout and other video game thoughts?
Microsoft Seals Nintendo Call of Duty Deal. Negotiations for MSFT to acquire ATVI begin.
Metaverse Stocks Catch All The Investors' Eyes
Berkshire Hathaway Q4 Updated 13F: Cut stake in TSM by 86%
2023-02-14 Wrinkle-brain Plays (Mathematically derived options plays)
Mentions
I think the mercedez hybrid was second hand so it fits the Tesla 3 and Y market segment. I agree that Porsche buyers are whole other segment of the market that doesn’t represent the average buyer. I can’t think another company that has a ceo who has adverse effect on buying their products. Bobby Kottick is one who I truly hate, but that doesn’t make me think twice whether to buy ATVI’s games or not.
Damn, nice reminder. Shouldve picked up ATVI while it was down 😅
I was riding that ATVI train with you, also getting started in the low 70's and buying until 93ish. I was riding the TWTR train before that. I am not in the IRBT play at the moment but I am looking at both that and ACI, but I have not pulled the trigger on either one yet.
I bought some at $16 but not a lot. Thanks for the DD, leaning towards building that position. I played the ATVI arbitrage well getting in at $74 and buying all the way to $93. But I also bought IRBT at $45 before they agreed with Amazon on the reduced $51.75/share acquisition price. Any thoughts on IRBT, are you playing that or only SAVE?
soon there would be another revenue source bringing north of 3.5B$ - ATVI games
What price does Spirit Airlines fall to if the deal does not go through? Is there no monetary exchange if the deal falls through or a break fee? For example with the Microsoft/Activision deal, if it fell through, MSFT would pay ATVI $3 Billion as a break fee.
No - the calls/puts of Stock B do not become worthless. For example, in the MSFT/ATVI merger - all calls under the 95 strike become in-the-money. At expiration, all long call positions would be credited in cash the difference between the strike and $95 since there are no ATVI shares. For any trader with short put positions over the 95 strike, the trader gets to keep the premium. Any trader with long puts over 95 strike would be in the money and receive the difference between their strike and $95. You have to give more information on the underlying. What ticker?
In your example - ATVI is Stock B. And Microsoft is Stock A. After the buyout - all ATVI options (all calls and puts for all expirations) accelerated to 10/20 and expired on 10/20. The outlier are FLEX options but for the purpose of retail option traders, that normally not relevant. But because the transaction is all cash - the deliverable changes from 100 shares of ATVI to $9,500 because all the ATVI shares get cancelled on the effective date of the transaction. All ATVI contracts would behave the same way except for accelerated expiration and cash deliverable.
Recently liquidated all my gaming stocks, UBI included. They are out of favor, so it's essentially a bet on the market changing its mind about gaming stocks. Sure, ATVI got picked up by MS, made a buck, but that's not really a case study. I understand why studios have to carry a lot of debt in order to finance year-long projects, but especially in this environment investors are put off by it. Long long term I do believe in UBI's resiliency, they will rise with the tide on the next bull run. But if that's the play then you are better off with a market index.
Have you played their games? Same old open world games over and over. Imo open world just means boring generic randomly generated quests and wasting time doing repetitive tasks collecting things in the open world. I feel like Ubisoft is more into open world than many other game developers. Just my personal opinion which is why I invested in ATVI and TTWO instead.
I'm glad I sold my single share of Nvidia for 477$ earlier this year. Between that and the ATVI buyout, probs gonna be the only gains I realize in '23.
I really don't understand why these huge companies let some pissant in Europe force them to their knees. When Britain held up the ATVI deal, MSFT should have just told them to get bent, and theatened to withdraw all of their products from that tiny island. Britain would have capitulated in 30 seconds flat.
This old chestnut. Buffett did not buy ATVI. He has two people who manage smaller portions of berkshire's portfolio, affectionately called Ted and Todd. One of those two made an investment in ATVI, and it was not a massive one, certainly not relative to berkshire. Something like 0.1% of their portfolio IIRC. The merger was then announced and the price went up, but within a week or two it was back down to where they had bought it pre-announcement. At this point, being something of an expert in merger arbitrage, Buffett took a much larger position. That's the actual chain of events, and to me it doesn't sound particularly fishy.
“I don’t invest in things I don’t understand.” That’s a quote from Buffet. He then proceeded to invest a massive chunk into ATVI right before a buyout giving him a guaranteed 30%+ return. You know how he’s just such an expert in video games.
Congrats on MSFT's great ATVI aquisition. MSFT software DOD : Hamas dies of boredom on them video games there.... ; ) This dude thinks cloud reservoir services is equivalent to what Palantir does. Godamn dude. You best go back to paper trading. You're not ready.
WTF my ATVI shares are still in my account, where’s my money?
My ~6000 of ATVI shares have already closed out.
\~99% priced in. ATVI closed $94.42, the shares will be bought at $95.
Blizzard is a disaster and I can absolutely agree with you there. But as a whole, from a shareholder POV: ATVI is at its best financial position ever, hitting $9 billion in revenue a year soon and at $4-5 in EPS, while sitting on $10 billion of cash.
Just saw a WSB post “I bought ATVI $95 and $100 calls. Will I make any money out of the $95 a share acquisition?” 
"The proposed acquisition is for $68.7 billion and will add to Microsoft's top and bottom lines down the road. As for Activision Blizzard shareholders, they will have the option to convert shares and will be entitled to receive $95 in cash for every share of ATVI, which is 24% above the current stock price of $76 per share." That is what I found online. May not be accurate, idk.
"The proposed acquisition is for $68.7 billion and will add to Microsoft's top and bottom lines down the road. As for Activision Blizzard shareholders, they will have the option to convert shares and will be entitled to receive $95 in cash for every share of ATVI, which is 24% above the current stock price of $76 per share." This was part of their agreement
It would have been very hard to lose money on this deal. Unless you bought ATVI above 95 which happened in around Jan/June of 2021briefly, you should be net positive. If you bought options, that is a different story as I do believe that they will be converted to options of MSFT.
> I feel like you're missing the whole idea that the buyout being announced and closing are two different things. I think I do get that. I just legitimately thought the ATVI stock would keep trading, just with Microsoft being the owner not Activision....as stupid as that sounds (it sounds stupid as I say it in my head while typing). ​ Im just wondering....and it's purely hypothetical. Say the stock dropped on Mon-Tue due to the Israel/Palestine conflict that started over the weekend, then it closed earlier in the week at that dropped price. So thats why im wondering if I got lucky it closed at where it did, or if it was expected/bound to happen.
Nah. Market capitalization is just the #of shares issued * share price. What does happen is the book value of msft should increase due to the ATVI acquisition. Ideally, the higher book value should encourage equity market participants to pay more for msft shares, thus increasing msft market cap.
I left 30,000 on the table with ATVI calls. I closed them too early because I was worried about deal falling through. I moved that money over to Google which is up 30% since then. There will always be opportunities in the market-don’t stress about one specific trade.
Do we know which stock will replace ATVI on Spx?
Then just buy the games like you normally do. Who is forcing you to subscribe? Seriously, that's what I've always done and will always continue to do. If I want the next CoD I'll just pay $70 for it. Considering how fucked Blizzard was and how greedy ATVI is I consider this a win for gamers as at best we'll probably get better games and at a faster rate, and at worst they'll jack up the prices for Gamepass, which nobody is forced to sub to.
Daddy Naddy finally setting my ATVI chairs free 🙏
If you own ATVI shares, does anyone know how long it'll take for the shares to become cash?
Anyone know when ATVI shareholders can expect the payout to show up in their accounts? I’ve never owned shares in a company during an acquisition before.
For owners of ATVI, does anyone know when shares will transfer to cash?
Had about 306k tied up in ATVI shares. Feels so fucking good to have access to my money again.
Anyone confirm what a 'change of control repurchase event' is - does MSFT acquiring ATVI count (if not... why not)? Reason I ask is a discussion I read about certain ATVI bonds being repurchased on a change of control, but the price of them certainly doesn't reflect this. https://www.sec.gov/Archives/edgar/data/718877/000104746920004447/a2242201z424b5.htm https://www.lawinsider.com/dictionary/change-of-control-repurchase-event
You said in the absence of a deal ATVI would still be at $95 or above. But that's not what the market has said based on ATVI's share price at various points this year when the deal was in doubt.
ATVI was an easy arbitrage play. Just had to ignore all that CMA nonsense. There was no way Britain was going to stop it from happening. My only regret was not buying more. Started in the $70s, didn’t buy in the $80s, and bought more in the $90s. Only other arbitrage play I like right now is SGEN getting acquired by PFE. Bought at $192 a couple weeks before it climbed up to current levels. Any arbitrage plays you guys like out there? I don’t know enough about the airline business for Spirit Airlines - Jet Blue and the fact that the buy price for IRBT was lowered by AMZN due to debt sounds concerning.
ATVI will get delisted and your settlement account will be credited $95 per share. Sometimes it takes a day or two. I'd guess it'll all be taken care of by monday EOD if not today.
I finally see the end of ATVI 😭😭😭
Priced in. Has been all week. However long term calls are obvious. The deal price was decided when tech stocks were taking a massive beating. If there was no deal ATVI very likely would have been at or above $95 so MSFT has gotten a bargain here.
MSFT finally gonna close this ATVI deal for $69 billion. Nice
Halted ATVI because it went from 94.42 to 94.54? That’s some serious volatility. Somebody get Ja on the line. At a time like this, with so much volatility, we need to hear from Ja Rule.
ATVI trading halted I sure hope I wake up to a bundle of cash tomorrow. Been waiting for so damn long for this thing to close
ATVI probably going to close tomorrow
My shares down 0.16% for the day. I will never financially recover from this till tomorrow AM for the 3% pump on the 70B ATVI deal.
The ATVI deadline is 8 days to close from now, what's with this radio silence, neither the FTC nor MSFT/ATVI are saying anything, is the deal going to close or not??? Or is it going to be a last-minute delay announcement? I had some HZNP shares in my portfolio and those were redeemed for cash on Friday, maybe 1 day after Amgen announced the acquisition closed. I've got 4-5 months before my ATVI shares qualify for LT gains and maybe a delay is good for my situation but I still want some news lol.
You could say the same thing about Twitter or ATVI. People made a lot of money on the arbitrage of those two.
Would your ATVI shares get converted into MSFT shares? Or is that just for mergers?
I believe it is an all-cash deal. So ATVI shareholders will get whatever is the negotiated price ($95 per share??)
Game devs are the most narcissistic yet incompetent people on the planet. Literal baby soft wipes. If its a hot girl or asian girl is a dev shes gonna be useless. Blue hair nope. Dude who dresses like a stereotypical gamer and has a degree in video game design....all useless. If MSFT wasnt going to buy ATVI id short it into the ground. How do you mess up diablo? Its hard work to make diablo bad.
Put on TSLA or Call on ATVI?
I'm 64% dry powder and like 30% ATVI. Payout hurry up!
someone explain how activision (ATVI) is 93.87 a share when the deal with MSFT is for 92 a share and the FTC is reviving their suit challenging the merger?
Anyone feeling ATVI puts? Technically overbought for short term, and the market is wobbly. Microsoft deal hopefully closes Oct 18 but there could be more regulatory red tape coming up.
I hear Mankrik's wife's boyfriend is long ATVI calls.
Lina trying to stop the ATVI acquisition again. How's that going Ahab?
Question about the ATVI-MSFT deal: I'm looking around for answers but I can't seems to get a consistent answer on what will happen to ATVI if/when the MSFT acquisition goes through. Will ATVI automatically cash out and delist or will it convert to whatever equivalent quantity of MSFT it is? Depending on what is supposed to happen, I'm thinking that if ATVI delists, then I might as well cash out now; but if it converts to MSFT, then I'd be fine sitting on it and letting it convert. ----- I'm actually +30% on ATVI as of today and with the current price floating around at $94 (just a pinch below MSFT's acquisition price) and I really don't see it going any higher.
Gotta love people paying $94.20 for $ATVI to make .8% if the deal goes through at $95
I will wait to see more of the details, but this seems to have a lot more substance than the ATVI lawsuit. I am sure there is a legitimate question about at what point market dominance becomes unfair. At an intuitive level it seems that Amazon probably has, and that this is to the detriment of its customers and sellers, but I expect that there are some devils in the details.
I’m honestly curious why anti capitalist people hang around here and project their personal opinions on stocks and news like this. It was the same deal with MSFT and ATVI being a BS lawsuit just to appease voters and in the end it wastes money from everyone and gives it to a few lawyers.
Good for them, maybe they'll score a win this time after being beaten down by the ATVI buyout ruling lol.
This is gonna be real silly if ATVI goes north of $95 this week lol
I got Tesla, Bitcoin, Activision TWTR and most recently Ford puts going into the UAW strike correct. 90% of my gains were Tesla over 2 years of just HODLing and then slowing selling our cover last 1-2 years bc it’s toppy. I got the ATVI deal right during uncertainty, make like 20% so not what you’re looking for as far as a big gain. My Bitcoin was 3-5x from 9k - 30k. Recently got 2x on Ford Puts timing the UAW strike. Sorry, no great plays right now. MSFT, GOOG, TSLA, BTC, CRWD, AMZN right now. Staying fairly safe right now, selling out of my TSLA and waiting for the next opportunity. I’m starting to think I’m good at this and not just lucky but I’m im afraid that as soon as I make a big move I’ll get burned
One day I turned $54 into $2,300 starting with 1 call on $ATVI that turned my $54 into $400. Followed up with $AMD calls and 0DTE spy calls after that. Since I was holding that $ATVI call from the night before I still ended the session with one day trade left I got that weekly graph tattooed on my Nuts!! 💪🏼
If you are completely out of ATVI, and have been since 2022, there should be no dividend in 2023. If you held a put with delta > 0.8, you have a “dividend-like payment” and will pay tax. This seems like a broker issue where they didn’t completely remove your long put from their books. It is kind of an irregular thing, so the issue in the software may have not been noticed.
I do have some IRBT but it was before it was announced that they would lower the acquisition price so my cost basis is $45. I haven’t looked at AMTI. And I don’t have interest in the SAVE JBLU arbitrage play, that space is too tricky. So besides some IRBT, all my arbitrage money is tied up in SGEN and ATVI.
What are your top merger plays now that ATVI and SGEN are reaching the point of little returns between their current prices and the buyout price? (Maybe IRBT? Or have you taken a look at AMTI?)
looks like ATVI deal is going through. Congrats to everyone who played arbitrage. Sucks to be a gamer though, you now have less competition https://www.reddit.com/media?url=https%3A%2F%2Fpreview.redd.it%2Fz2fa4y3oxrpb1.jpeg%3Fwidth%3D1080%26format%3Dpjpg%26auto%3Dwebp%26s%3D7cb0ede64992f31152d6726aeb6e77e0494d027c
Hi all, and so the saga is almost concluded, UK has given provisionally approved the ATVI and we have cleared all major regulators. Price is currently at 94$ pre market and congrats to everyone who made profits on this!
Yep. My ATVI bet paid off nicely.
probably a safer play than buying anything else. Can Arb both ATVI and Splunk
This is so cool. I give my 11 year nephew lessons about investing. He has Aspergers and is insanely smart so when he decides he’s learning something, he’s pretty single minded. Our last lesson was how companies can return earnings to shareholder through dividends, buybacks, acquisitions and ROIC. He has a paper trading of account with IBKR. It’s a fairly advanced brokerage with futures, options etc. so it’s not perfect but he’s worked out how to buy and sell stock. He has ATVI, DIS, AAPL, MSFT, META, RBLX, TTWO, F, TSLA and a few other bits. I helped him convert some money into Yen so he could buy NIntendo too. I am absolutely confident he’s will be giving me some great stock picks in a few year so I’m looking at my time spent teaching him as an investment with a very high ROIC 😂
>How do they still have cash set aside for acquisitions of this scale? Isn't MSFT still pursuing the acquisition of ATVI? Many of these leaked emails/documents are 5+ years old. Hell, one document estimates the Starfield release date as 2021. So the (partial) answer to your question is they aren't actually pursuing all of these different acquisitions simultaneously.
Yeah... after getting Activision Blizzard, there is a 0% chance that the FTC allows such a merger to happen. Even the ATVI acquisition was challenged by the FTC, hence the current findings.
Wow. This sure is making the rounds today. I wonder why the bots are pushing this story so hard... Anyway, the source of this is from an email YEARS ago. This was prior to the ATVI acquisition and given the regulatory scrutiny Microsoft received for that, I doubt they'd seriously consider this today. This was also around the time Microsoft was trying to partner more heavily with Nintendo so this could have been part of their good cop/bad cop routine. Like, maybe let it leak we're considering an acquisition and perhaps that'll make Nintendo more willing to work with us to avoid any sort of hostilities. Who knows... Point is, I don't think this is relevant AT ALL today. I've seen no less than 4 articles and maybe 8 reddit posts about this though, which makes me wonder who's pushing the buttons.
Why is everyone assuming MSFT acquisition of ATVI is a done deal on all the subs? They still need to get UK approval in a month's time. Given that ATVI is trading at $92 and not $95, that seems to suggest there is a non-negligible chance the deal fails, otherwise that's a free 3% in a short time period
How do they still have cash set aside for acquisitions of this scale? Isn't MSFT still pursuing the acquisition of ATVI? After having acquired Zenimax and investing heavily into OpenAI? They can still go for Nintendo too? I know MSFT is a money making machine, but this seems too much.
ATVI CALLS FOR THE DEAL OCT 18th
Played the merger arbitrage game with ATVI at $73 last summer. Dumped $15000 in at that price. Now worth just under $20000. So made 5k (though technically I haven’t sold yet).
I sell prepare to get the stock called away. For example I sold 10 contracts of save for 10/20 for $20 strike price at 0.70 a contract due to an IV because of jet blues announcement. I still have lots of save shares I didn’t sell contracts on, or some 17.50 and 20 expiring September 15th. My cost average is between $16-19 a share. Either way the worst case for me is jet blu gets approved for the merger and I lose the 33.50 buyout price including the 2.50 pre payment so a 31.50 or a total of $9.75 upside per share sold. However I believe that the risks of a any real deal announcements being made are low. At least through the end of 2023. I might stop selling contracts by end of March 2024Q2 How ever I have also down costed my shares a lot just by collecting .2-.9 per month. For the past 9 months. I lost on TGNA meger, but I profited on ATVI. Do I think collecting $750 for selling a options contract 37ish days out is worth it. I would make roughly 4750 profit since I have some $16 cost lots. Vs an total upside of 15,500 if the merger gets approved I’m mentally prepared for the worst case scenario. If the deal doesn’t go through that’s another discussion. But a 4.6% return on premium for selling something 37ish days out is really good so I took the risk.
I went straight to the horses mouth for info--options will cash settle. See the OCC email reply below: Thank you for contacting us at OCC. Below is information from memo #50313 dated April 14, 2022. OCC is currently waiting for confirmation from the DTCC and exchanges that the merger has been approved and date of consummation. If the merger is approved and consummated, each existing ATVI Common Share will be converted into the right to receive $95.00 net cash per share. Contract Adjustment Date: Effective the opening of the business day after the merger is consummated. Contract adjustment is expected to occur in Microsoft’s fiscal year ending June 30, 2023. New Deliverable Per Contract: $9,500.00 Cash ($95.00 x 100) Settlement in ATVI/2ATVI options will take place through OCC’s cash settlement system. Settlement will be accomplished by payment of the difference between the extended strike amount and the cash deliverable. Until then, please continue to monitor our website for updates.
SCHW and ATVI in 2007. Hindsight 20/20 should have been AAPL or NVDA.
It’s funny you mentioned wanting AAPL to make you money for a change. I had the same emotional motivation for buying into ATVI back in the day because I wanted to make back my WoW subscriptions and the video game industry as a whole felt undervalued by Wall St.
AAPL is going to buy ESPN once the ATVI acquisition is approved. They are sitting on $300 billion in short-term assets and are poised to go on a buying spree.
Sometimes the market gives opportunities, other times it's on shit so fast you can't even blink, but I promise you it has nothing to do with Uncle Jimmy randomly pulling his 100 shares of ATVI after seeing a headline they're getting sued in the newspaper when he's taking his morning dump. Retail can't move a stock like that.
just sitting here with 2/3 of my portfolio in ATVI, waiting for my fuckin payday, and also the market to crash bored
Idk who doesn’t think of gieco as an investment. They literally use the float of gieco for those other investments. It’s one of his greatest investments. If you don’t really know about his past and that brk is built on reinvesting insurance premiums then yeah you might not consider it. It’s literally the key stone of his business though. If you say hey Satya’s best investments have been buying linked in and ATVI when it closes. Most people would be like yes or no. They wouldn’t be like no those don’t count only the chatGPT investment counts because they didn’t buy out the asset.
I got into SAVE at $18 for an arbitrage play but I have a lower conviction on it than SGEN and ATVI, which isis reflected in the position sizing.
[https://www.theverge.com/2023/8/22/23828302/microsoft-activision-blizzard-acquisition-ubisoft-cloud-gaming-rights-uk-cma](https://www.theverge.com/2023/8/22/23828302/microsoft-activision-blizzard-acquisition-ubisoft-cloud-gaming-rights-uk-cma) What ATVI had to give up to get the merger over the line.
I'm investing to FIRE in 10 years by 39. I'm also an active stock picker, not passive. Stocks I hold generally are not large caps although that was a bad decision on my part if you hold FAANG + Microsoft & Tesla already so ignore me. They need to be a market share leader, high barriers to entry in industry, a secular tailwind, and a long product lifecycle. This has led me to invest in animal healthcare (IDXX & ZTS), video games (ATVI, EA, TTWO), ROKU is my top holding, and small positions in CMG, LYV, and CROX. Stay diversified to avoid 1 stock dragging down your portfolio & FIRE goals. Right now ROKU is my #1 stock which good based on this year's price action but in a few years may trim and redeploy into CMG, LYV, and CROX. Also looking to sell EA to redeploy in better quality businesses. You may not like my stocks, but pick your own stocks, diversify, and do not pick boomer sticks and you should be able to FIRE in 10 years like I'm planning.
They don't speculate? They bought 4BN of TSMC Nov 2022 and then sold it 6 months later claiming political risk. They bought a stake in ATVI speculating a closing of MSFT purchase and acquisition. They bought a large stake of VZ just to sell it two years later. Quit putting Berkshire on a pedestal, they're in it to make money short and long term.
My entire portfolio is entirely index funds apart from a small bag of ATVI. Was quite a nice feeling seeing some dividends get added to my account today
Only things I've been adding this week are small nibbles of more NEE. Waiting on the ATVI deal to close, really hoping it doesn't go past August; that money feels like it's been tied up forever and it's like 2/3 of my port at this point. Anyway, pretty confident in where I'm at, I expect the downward movement to continue.
No problem! Yes, Spirit Airlines being acquired by JetBlue interests me. I bought some SAVE at $18, but I think due to Spirit Airlines’ financial position that one might falter like IRBT. JetBlue isn’t doing that great either and this deal isn’t expected to close until 2024 and anything can happen before then. That’s why there’s more than 100% upside from here as SAVE would be acquired for $33.50 a share. I have a small position in this compared to ATVI and SGEN.
I haven’t heard of the ACI one but I bought some IRBT at $39, I don’t think the FTC or EU will shut down that acquisition. Less bullish on that than ATVI/SGEN so I have a smaller position in IRBT.
ATVI should be bought out by October and provides a 4.5% return as of right now. SGEN has a buyout price of $229 by late 2023/early 2024 and is trading under $195. I looked at the financials and their cash is healthy. They have enough cash for 18 months at least, so this won’t be an Amazon iRobot situation where the agreed buyout price lowers.
SGEN & ATVI for me today. Dumped my TGT with a $130 cost basis, don’t want to get shafted on earnings again. TLT is getting interesting to start a position on soon.
My bad, I meant Westchester Capital, not analysts as a whole. I know ATVI has a higher chance although that’s reflected with the potential 4% return.