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Microsoft Corp announced on 01/18/2022 the acquisition of Activision Blizzard for $95 per share in cash. Activision shares were trading at $79 today. What is
Microsoft Corp announced on 01/18/2022 the acquisition of Activision Blizzard for $95 per share in cash. Activision shares were trading at $79 today. What is the estimated probability of deal completion based on this information? [Assume the market expects the deal to be completed in one year from today, and the estimated Activision price in case of deal failure is 69 ; for simplicity, assume the risk-free rate is zero]. (Write your answer in decimals. E.g., if the probability is 35.4% enter .354)
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