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A massive block of Activision Blizzard shares was recently sold off in a move that some are taking as a signal that the proposed sale to Microsoft might not happen due to regulatory concerns.
SeekingAlpha discovered (via Ethan Gach) that a block of 3.7 million shares sold recently at a price of $72.25 per share, netting the seller $267,325,000. That is obviously a huge sum, but whoever sold these shares–the report mentioned it might have been Goldman Sachs–would be taking a huge loss against the proposed sale price to Microsoft.
As we reported in February when the deal was announced, Microsoft proposed to buy Activision Blizzard for come under a great amount of scrutiny. The key regulator in the US, the Federal Trade Commission, is said to have major concerns about the buyout, too. Despite all of this, Microsoft CEO Satya Nadella remains confident the deal will go through.
