Berkshire Invests 16.8 Billion in Alphabet and Housing
New Berkshire Hathaway CEO Greg Abel has committed 16.8 billion dollars toward a 10 billion dollar stake in Google parent Alphabet and a 6.8 billion dollar acquisition of homebuilder Taylor Morrison. The moves signal a strategic shift to reduce the conglomerate's 380.2 billion dollar cash pile while increasing exposure to technology and the U.S. housing market.
BERKSHIRE HATHAWAY INC-CL A CEO Greg Abel committed $16.8 billion to ALPHABET INC-CL A and TAYLOR MORRISON HOME CORP over two days. The deployment follows investor pressure to reduce a $380.2 billion cash pile that weighed on shares as they trailed the S&P 500 by 47%. These moves signal a shift toward aggressive capital allocation and a pivot into technology under Abel’s new leadership.
