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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

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.

Luxury
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