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Greg Abel, who took over from Warren Buffett as Berkshire Hathaway chair, has unveiled a back-to-back series of acquisitions worth nearly $17 billion. CNBC said the inclusion of technology targets is a clear sign that Abel is willing to put Berkshire's enormous balance sheet to active use.
Berkshire Hathaway announced two large acquisitions worth $16.8 billion in two business days under new CEO Greg Abel. Home builder Taylor Morrison and a second still-unnamed target were acquired. Wall Street analysts said Abel's strategy 'to mobilise Buffett's cash pile' has begun.
Warren Buffett's Berkshire Hathaway has agreed to buy US homebuilder Taylor Morrison for $6.8 billion. The deal is read as a long-term bet on the US housing market despite an elevated-rate environment. The transaction is expected to close in the fourth quarter of 2026.