Warren Buffet Buys 5% of IBM [Headlines]
The billionaire investor has broken his standstill on investments in technology by pouring $12 billion into the 100 year old firm.
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.