Warren Buffett says Berkshire Hathaway, finally, has invested in Amazon.com
Updated : May 03, 2019 07:02 AM IST
Buffett said the purchase was made by one of his investment managers, Todd Combs or Ted Weschler, and details would be disclosed later this month in Berkshire's quarterly report of its US stock holdings.
The purchase marks a U-turn for Berkshire, where Buffett has long praised the leadership of Amazon Chief Executive Jeff Bezos.
Shares of companies often rise when Berkshire reveals its support through new stakes, even when the purchases are believed or known to have been made by Combs or Weschler, who together invest about $26 billion.
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