Associate Partner

    NIFTY 50

Warren Buffett's Berkshire unveils $861 million Amazon stake

Updated : May 16, 2019 10:09 AM IST

Buffett told CNBC this month that the 483,300 share Amazon investment, which would now be worth $904 million, was made by Combs or Weschler, and that he had been "an idiot" for not investing in Amazon himself.
The investment tightens the relationship between Buffett and fellow billionaire Bezos, whose companies teamed up last year with JPMorgan Chase & Co to create a venture, Haven, to reduce their employees' healthcare costs.
Berkshire also invests in JPMorgan and boosted its holdings in the largest US bank by 19 percent in the first quarter to 59.5 million shares, worth $6.02 billion.
Warren Buffett's Berkshire unveils $861 million Amazon stake
primo org
Have you signed up for Primo, our daily newsletter?
It has all the stories and data on the market, business, economy and tech that you need to know.
cnbc two logos
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more

You May Also Like

Live TV