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Warren Buffet Buys 5% of IBM [Headlines]

Luxury

The billionaire investor has broken his standstill on investments in technology by pouring $12 billion into the 100 year old firm.

Liz Walsh
  • 15 november 2011

Warren Buffet’s investment firm, Berkshire Hathway, has been buying shares in IBM since March, and now owns 64 million shares, equivalent to 5.4% of the company’s stock. Securities regulators allowed Buffet to keep the purchases confidential until recently. In the past six months, IBM’s stock has risen 10%. The Guardian.

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