Apollo Global Management Outbids Warren Buffet For Tech Data, Reuters

“Buffett, who is Berkshire’s chairman and chief executive, has struggled to invest Berkshire’s cash because companies and stocks look pricey, and private equity firms have increased competition for acquisitions.

Buffett does not engage in bidding wars for whole companies, preferring to make a single offer that a target can accept or reject, though he may try to outbid other suitors”. Read more

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