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business Jun 1, 2026, 2:00 AM
Berkshire Hathaway makes bold $8.5 billion housing bet under new CEO - Berkshire Hathaway acquired Taylor Morrison for $8.5 billion, marking its first major deal under CEO Greg Abel.
- Warren Buffett praised Abel's swift execution of the acquisition, highlighting his hands-off approach.
- The acquisition reflects Buffett's investment principles but also introduces risks associated with the homebuilding sector.
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2026 All rights reserved
2026 All rights reserved