Date: November 13, 2022
Activision Blizzard may be the best stock you can buy right now. Based on where this stock is currently trading at, it is almost guaranteed that you will profit from investing in it.
Let me tell you why!
In January of 2022, Microsoft announced that it will acquire Activision Blizzard in an all-cash deal at $95 per share. This translate to $68.7 billion in total valuation.
However, despite that, Activision Blizzard is trading close to $70.
This is happening because this acquisition announcement has attracted global scrutiny and antitrust litigations from all corners of the world. This is due to the fear that this deal will kill all other players in the market and monopolize the gaming industry.
However, many regulators such as the Brazilian authorities have already approved this deal, and there is a strong possibility that other agencies will follow the suit.
Hence, Activision Blizzard is one stock that needs to be on your watchlist
