Microsoft's $3 Billion Breakup Fee Impacts Their Free Cash Flow

Microsoft agreed to pay Activision Blizzard $3 billion if the deal doesn't go through. This is a decent chunk of cash, even for a company as big as Microsoft. The Wall Street Journal says that the 2023 rally has defied all expectations. If I had missed out on this year, I would have missed out on $68,000 in gains so far.