By Liz Walsh
on November 15, 2011 in

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.

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