Shares of the gaming juggernaut are trading 25% below Microsoft’s $95 offer, indicating investors see risk the buyout won’t close as planned. This risk premium is more than double that of Twitter Inc. following Elon Musk’s offer, and higher than most of the announced -- but still pending -- deals tracked by Bloomberg.
With Activision shares trading 25% below Microsoft's offer, Wall Street certainly believes the deal will fail. Activision shares have been hovering around $76. Anyone who buys now will receive $95/share if the Microsoft deal is approved. That's quite a return, with a discrepancy suggesting that the market believes the deal will fail.
Edit/Update: Activision Blizzard shareholders approve the acquisition lol
Activision Blizzard, Inc. (NASDAQ: ATVI) announced that its stockholders approved Microsoft Corporation’s (Nasdaq: MSFT) proposal to acquire Activisio