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Berkshire CEO Abel: Increased Google Holdings by $10 Billion in Late May, Buffett Still Involved in Key Investment Decisions
Berkshire Hathaway CEO Greg Abel revealed in an exclusive interview with CNBC in Tokyo on September 2 that Berkshire was offered an opportunity to participate in Google (Alphabet)'s equity financing in late May this year. After discussing with Warren Buffett, he proposed investing $10 billion and requested a 6.5% discount to the market price, ultimately completing the transaction. Abel stated that Buffett began building a position in Alphabet approximately 15 months ago, and despite stepping down as CEO, he continues to participate in Berkshire's important investment discussions.
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