$ATVI is now $83 a share and MSFT will buy it for $95 a share. How successful is merger arbitrage typically? This looks like a free ~15% return (if the deal goes through obviously). The 15% might be the priced in risk but how many MSFT acquisitions didn’t fall through in the past?
There are probably some legit antitrust concerns especially after already buying Bethesda
Everything is priced in. Don’t kid yourself.
Not after satya took over