shtorm2005
Registered User
believe it goes to share holders
No. There are likely dozens if not hundreds or thousands of shareholders that encompass current and former employees as well as investors. The current CEO bought the company for $500M in 1991 so he’s likely a billionaire now.
They also didn’t specify, if at least I didn’t see if it was specified, if the transaction was all cash, a swap of stock (i.e. you get Microsoft shares that replace your Activision shares) or if it’s a cash/stock deal. There may also be clauses that require Activision employees to stay a certain period of time before vesting their stock.
Regardless, it’s fair to say a lot of money made a lot of money today.
Tnx for making it clear to me. That news where Activision shares increased 40% before the transaction makes sense now.