Berkshire Hathaway (BRK.A)(BRK.B) acquired 17.8 million shares of Alphabet’s Class A stock (GOOGL) in the third quarter, according to a regulatory filing released Friday evening. The stake would be valued at nearly $5 billion based on Monday’s closing price.
Alphabet shares surged more than 3% on Monday, reflecting a common market reaction when Berkshire makes multibillion-dollar investments, even as most other major tech stocks declined.
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