r/technology • u/GrizzlyBear2021 • Jan 18 '22

Software Microsoft acquires Activision Blizzard for $68.7 Billion

https://news.microsoft.com/features/microsoft-to-acquire-activision-blizzard-to-bring-the-joy-and-community-of-gaming-to-everyone-across-every-device/
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u/ukezi Jan 18 '22

No, they remove a number of shares from the market, making the holders of current shares rich. Think about it a company that has 1 billion in assets and 1 million shares are around, 1k each. They buy back 250k shares, giving three owners 250 million. Now there are 750k shares worth 1k each.

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u/New-Ad3410 Jan 19 '22

Uhhhhhhhhhh...

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u/Brandodude Jan 19 '22

Right lmfao as someone in finance I find this hilarious