Berkshire Hathaway’s annual shareholder’s meeting is underway in Omaha, and Business Insider has been tracking all the festivities.
Arguably the biggest bombshell to come out of the Q&A session so far is the fact that Buffett considered acquiring a $22 billion company one or two months ago, but it didn’t work out in the end.
But, he’s still looking according to CNBC’s Alex Crippen. Buffett said he’s definitely up for a good deal worth $20 billion. If he doesn’t find one next year, then he might move up the price to $30 billion.
buffett just said he almost made a $22 billion acquisition in the past couple of months. what do you think it was? #buffettwatch
— Andrew Ross Sorkin (@andrewrsorkin) May 5, 2012
Buffett: If we find good $20B deal, we’ll do it.Next yr, if haven’t done it yet, will say if we find $30B deal, we’ll do it #BuffettWatch
— Alex Crippen (@alexcrippen) May 5, 2012