FILE PHOTO: The Activision booth is shown at the E3 2017 Electronic Entertainment Expo in Los Angeles, California, U.S. June 13, 2017. REUTERS/ Mike Blake/File Photo/File Photo
(Reuters) - Warren Buffett said Berkshire Hathaway Inc's recent investment in Activision Blizzard Inc has been "no bonanza" for Berkshire, and was made without knowing the video game maker would receive a takeover offer from Microsoft Corp.
In a letter released by Buffett's office on Thursday, Buffett said one of his investment managers paid about $77 per share for Berkshire's 14.7 million Activision shares, acquiring about 85% of his position in October and the rest in November.
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