Buffett in $5bn Goldman Sachs stake, may rise to $10bn
Warren Buffett, the world-renowned investor and architect of General Re and GEICO owner Berkshire Hathaway, has paid $5bn for a stake in troubled US investment banking superpower Goldman Sachs.
In the deal, Berkshire will receive $5bn in preferred stock as well as warrants to purchase another $5bn with a strike price of $115 per share, which are exerciseable any time over a five year term
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