ENTERTAINMENT

AMOURANTH EXPLAINS WHY SHE BOUGHT $2M OF ACTIVISION-BLIZZARD STOCK AMID LAWSUIT CONTROVERSY

WHAT HAPPENED?

Amouranth is looking to make a hefty profit after purchasing nearly $2,000,000 of Activision-Blizzard despite the company being involved in several lawsuits.

While Activision is in the middle of numerous lawsuits alleging rampant sexism toward female employees, the company was purchased by Microsoft for $70 billion.

- AMOURANTH

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To be clear I am looking to capture the takeover spread. That’s the main point. I just think it’s not a bad price even if that fails to happen.

She further said that she would be making a 20% “uncorrelated” return if the Microsoft deal ends up going through.