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Buffett wants 'huge' business
Legendary investor says he'd be willing to sell other stocks in order to make a major $5 billion to $20 billion investment.
-- CONTENT --> OMAHA, Neb. (Reuters) -- Warren Buffett on Sunday said he would like to buy a huge business for his Berkshire Hathaway insurance and investment company, and would sell other investments to buy it.
Charlie Munger, Buffett's second-in-command, added: If it happens, I think we'll recognize it.
Omaha, Nebraska-based ( , ) has long said it would like to make a $5 billion to $20 billion acquisition. The company ended March with $46.03 billion of cash, and nearly $90 billion of cash and fixed-income securities on its balance sheet.
At Saturday's annual Berkshire shareholder meeting, Buffett said Berkshire would like to make more acquisitions. The entire world is definitely on our radar screen, and we hope to be on its, Buffett said.
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