Millions of Activision shares sold, pessimism for the acquisition?

Even the world of investments seems to harbor a feeling of distrust of Microsoft's acquisition of Activision Blizzard. The deal, which should be concluded in 2023, seems seriously at risk at least in the United Kingdom, where the CMA has expressed several doubts. Doubts that have forced Microsoft and Sony to answer each other, often with very serious accusations. Now, from the world of finance, the sale of a purse of millions of shares of the US publisher and developer has emerged

Over the past few days, a seller has literally sold about 3,7 million shares, taking about $267 million off the $72,25 per share price, according to Seeking Alpha. The investment bank Goldman Sachs is believed to be behind this mysterious sale, known for its ratings to nations and the role of intermediary in the sale of football clubs (such as Inter Milan) and other assets. It's not really the identity of the seller that matters, but rather what it all means.

In an ideal world, the acquisition of Activision Blizzard could help various investors around the world earn much more. Stocks, in a market like this, should rise rather than fall. Behind this huge sale there is the suspicion of a devaluation, with a deal that could not go through. Obviously it is still early to be able to say this, but it is clear that the more time passes, the more the shares could lose value.

The deal between Activision Blizzard and Microsoft was announced in early 2022. If the antitrust authorities around the world give their go-ahead, the group should become part of the family of Xbox by early 2023, but at the moment it is still too early to know if everything will materialize. Keep following Tom's Hardware for all the news and upcoming announcements from the world of video games.

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