Buffett Builds $10.7 Billion Stake in IBM

November 13, 2011  by in UnCategorized   

By Aggregated Content in Acquisition on November 14, 2011 from http://c.moreover.com/click/here.pl?z5468063567&z=1250249030 Warren Buffett said his Berkshire Hathaway Inc has accumulated a 5.5 percent stake in IBM, the billionaire investor's biggest bet in the technology field he has historically shunned. Buffett, in a CNBC interview on Monday, said he had bought about 64 million shares of IBM at a cost of $10.7 billion. Berkshire started buying the shares in March, with a goal of building a $10 billion position, he said. Buffett said IBM did not know that he was building a stake and that the company

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