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Bengaluru Editing Berkshire Hathaway Business Wall Street Journal WSJ 

Buffett bets big on energy with $9 billion Oncor buy

July 7, 2017 By Jonathan Stempel and David French (Reuters) – Warren Buffett’s move to spend $9 billion on his largest energy sector acquisition reflects his long-standing drive to diversify his Berkshire Hathaway Inc and deepens his commitment to electricity as a means to boost profit. Berkshire said on Friday that its Berkshire Hathaway Energy unit will buy a reorganized Energy Future Holdings Corp to get access to Oncor Electric Delivery Co, Texas’ largest electricity transmission company. The all-cash purchase reflects a bet by Buffett that he can do what…

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Bengaluru Editing Berkshire Hathaway Business Wall Street Journal WSJ 

Berkshire Hathaway Energy to buy Oncor

July 7, 2017 (Reuters) – Berkshire Hathaway Energy, a unit of Warren Buffett’s Berkshire Hathaway Inc, said on Friday it would acquire Oncor Electric Delivery Company LLC in a deal that puts Oncor’s equity value at about $11.25 billion. Berkshire Hathaway Energy said it agreed to buy reorganized Energy Future Holdings Corp (EFH), Dallas-based Oncor’s bankrupt parent, for $9 billion in cash. The deal is a bold bet by Buffett that he could win approval for the acquisition from Texas regulators, after they blocked two earlier attempts to sell Oncor,…

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Berkshire Hathaway gains $1.6 billion from its huge bite of Apple

February 25, 2017 By Jennifer Ablan NEW YORK (Reuters) – Warren Buffett’s Berkshire Hathaway Inc is sitting on more than $1.6 billion of gains in its investment in Apple Inc. after shares of the iPhone maker surged. Berkshire revealed that its massive stake in Apple stock, as of Dec. 31, had risen to 61.2 million shares for a total of $6.75 billion, an average of about $110.17 apiece, according to the annual report Saturday from Berkshire. As of Friday’s closing price of $136.66, Berkshire’s holding of Apple was valued at…

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