The Clap Investment conglomerate Berkshire Hathaway (NYSE: BRK) bought a $4.2 billion stake in HP (NYSE: HPQ).
The deets An HP spokesperson welcomed Berkshire Hathaway, “one of the world’s most respected investors”, with open arms. Berkshire’s been looking for opportunities as of late to invest in idle cash, over $130 billion. The conglomerate recently acquired a large stake in Occidental Petroleum (NYSE: OXY).
Why this matters Historically, Berkshire hasn’t been big on tech investments. However, one big stake in Apple really paid off for the company.