Berkshire Hathaway buys $1B stake in Apple

Posted online May 17, 2016 | 10:52 am

Warren Buffett's Berkshire Hathaway disclosed in a regulatory filing it purchased a more than $1 billion stake in Apple.

The company bought 9.8 million shares in the iPhone maker.

Apple shares jumped as much as 3.5 percent yesterday on the news.

Read more from The Financial Times.

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