ATVI Investment Update
Christopher J. Fried, Esq., MBA, MGA
Attorney, Entrepreneurial Strategist, Investor
Update on the ATVI Investment -
I expect a decision to be rendered in MSFT's effort to complete the acquisition of ATVI this week. The deadline to complete the deal is next Tuesday, July 18, 2023. An extension can be agreed upon, and if it occurs, it will likely mean additional compensation.
With that in mind, I have increased the number of shares of ATVI that I hold. Cost basis for the additional shares is $82.50.
If the $95 deal goes through, I am looking at a 14.66% return next week.
If the deal is extended, I will likely see a higher return,
If the deal fails, I think the stock will drop by 10%, however, the loss I suspect will be short term and a large dividend will be paid based on the cash that ATVI will be sitting on.
Game on!