ATVI merger arb

Activision trades at $82. The Microsoft buyout is $95.

If it takes a year to close the return is 16%.

If it takes a year and a half to close the return drops to 10%.

Not a bad return if you can’t find anything appealing to buy these days?

Of course, big deals get big scrutiny. There’s a chance it won’t close at all.


fdoubleol-----Lina Khan—>16%