Berkshire Hathaway unveils $4.2B stake in HP

Thursday, 07. April 2022 12:19

Warren Buffett's Berkshire Hathaway Inc. has bought as much as an 11% stake in tech company Hewlett-Packard worth around $4.2 billion to become its largest shareholder, according to a report published by the Wall Street Journal on Thursday.

Two securities filings from yesterday revealed the acquisition, showing that Buffett's conglomerate made another step into the technology industry, after successful investments in IBM Corp. and Apple Inc.

HP's stock soared 15.5% in premarket trading to $40.32 per share following the announcement.

Related Links: HP Inc.Berkshire Hathaway Inc.
Author:
Baha Breaking News (BBN) / ND