Buffett: Berkshire Has Taken Stake in Amazon
May 03 2019 - 3:01AM
Dow Jones News
By WSJ City
Berkshire Hathaway has taken a stake in Amazon.com, Chairman
Warren Buffett told CNBC.
KEY FACTS
--- Buffett said he hadn't personally decided upon the
investment.
--- One of his portfolio managers--either Ted Weschler or Todd
Combs--made the investment.
--- Berkshire will report its stockholdings as of March 31 later
this month.
--- Buffett will take the stage and answer shareholder questions
at the company's widely attended annual meeting on Saturday.
--- Neither Berkshire nor Amazon immediately responded to a
request for comment.
Why This Matters
Buffett has praised Amazon CEO Jeff Bezos in the past and said
he erred in not investing in Amazon early on.
"I had a very, very, very high opinion of Jeff's ability when I
first met him, and I underestimated him."
Warren Buffett, At Berkshire's annual meeting last year
Berkshire, Amazon and JP Morgan Chase have launched a joint
project called Haven to lower health-care costs for their
employees.
A fuller story is available on WSJ.com
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(END) Dow Jones Newswires
May 03, 2019 03:46 ET (07:46 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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