Back in July, Barron’s made the case for getting
stock in anticipation of
closing its $69 billion acquisition of the corporate. With
shares trading at a big discount to the deal price, the stock looked closest to a sure thing in an increasingly uncertain market.
4 months later, the risks of the deal falling apart over antitrust concerns haven’t modified. What has modified is the outlook for Activision’s business. The firm behind Call of Duty and Candy Crush is suddenly doing quite well by itself.