FinancialsLive Wire · AI-collected
Berkshire's $10B Alphabet Stock Buy Came via Private Placement at a Discount to the Public Price
3-line summary
- Alphabet sold Berkshire Hathaway $10 billion of stock in a private placement alongside its $84.75 billion public offering, with Berkshire paying $351.81 per Class A share versus the public price of $355.1982, according to a Yahoo Finance report citing SEC filings.
- The discount saved Berkshire roughly $100 million across about 28.6 million shares, and the transaction accounted for more than 40% of all stock Berkshire bought during the quarter — which totaled roughly $23.5 billion bought against about $3.7 billion sold.
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