Back in July, from Baron advocated buying
completing the $69 billion acquisition of the company. Of
stock traded at a significant discount to the deal price, the stock seemed the closest thing to certainty in an increasingly uncertain market.
Four months later, the risks of the deal falling apart over antitrust issues have not changed. What has changed is the outlook for Activision’s business. The company behind it Duty and Candy Crush suddenly works very well on its own.