ATVI Activision Blizzard arbitrage opportunity

Microsoft had agreed to acquire Activision Blizzard ATVI in a cash deal valued at $68.7 billion, equal to $95 per share.

Activision Blizzard owns some of the most popular gaming franchises globally: World of Warcraft, Call of Duty, and Candy Crush.

So there is a 17% upside arbitrage here, if the deal does close.

Trade active:

Microsoft Can Close Its $75 Billion Buy of Activision Blizzard, Judge Rules!

Trade closed: target reached:

U.K. regulator signals approval for Microsoft to buy Activision Blizzard!