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Buffett Builds $10.7B Stake In IBM

Monday, November 14, 2011 | More »

Warren Buffett said his Berkshire Hathaway Inc has accumulated a 5.5 percent stake in IBM, the billionaire investor’s biggest bet in the technology field he has historically shunned. Buffett, in a CNBC interview on Monday, said he had bought about 64 million shares of IBM at a cost of $10.7 bi...