Warren Buffett's Berkshire Hathaway struck an agreement to buy insurance company Alleghany Corp for $11.6 bn, weeks after the 91-year-old billionaire bemoaned a lack of good investment opportunities
The Omaha, Nebraska-based company's market value is approximately $731 billion, ranking sixth in the United States
Buffett says his company has benefitted from some extraordinary luck in finding acquisitions, but he hasn't had much of that in recent years, as Berkshire Hathaway's cash pile has grown to $147 bn
In his annual letter to Berkshire shareholders, Buffett said buybacks make 'good sense' when alternatives such as buying whole companies or more stocks appear 'unattractive'
Buffett also said Berkshire had 'no prior knowledge' that Microsoft was working on a $68.7 billion takeover of Activision, whose franchises include 'Call of Duty' and 'Candy Crush'
Elon Musk has revealed that billionaire investor and Vice President of Berkshire Hathaway Charlie Munger once told him that Tesla would fail
Microsoft announced its plan to buy Activision Blizzard on January 18, in its largest ever acquisition
The plunge in shares amid a global equity selloff has cast a shadow over the prospects for technology firms preparing to go public in the Indian market.
Warren Buffett's Berkshire Hathaway Inc. racked up even more funds, with its cash pile hitting a new record at $149.2 billion even as share buybacks ramped up
Net income, including gains from common stock investments, rose 7% to $28.1 billion
The board of One97 Communications Ltd, which owns Paytm, has given an in-principle approval to the offering plan
He also said that if anything happened to Abel, it would be Ajit Jain, who oversees Berkshire's insurance businesses, would become chief executive
Berkshire Hathaway CEO, his business partner make blunt admissions at annual meeting.
This comes a year after a major loss when the value of its stock investments plummeted because of the coronavirus pandemic
The Berkshire Hathaway Inc. chairman's wealth jumped on Wednesday to $100.4 billion
Buffett also signaled a long-term commitment to Apple Inc
The company cut its Apple stake, still holds $120 bn
Berkshire's investment activity during the final three months of 2020 was all over the place, reflecting the chaotic and uncertain moment the world finds itself in
The company, Haven, will cease operations at the end of February - three years after its arrival sent shock waves through the healthcare industry
In a regulatory filing detailing its U.S.-listed stock holdings as of Sept. 30, Berkshire disclosed $5.7 billion (£4.3 billion) of new healthcare stakes