Berkshire Home Broker to Take Wells Fargo’s Stake in Venture

HomeServices of America Inc., the real estate brokerage unit of Warren Buffett’s Berkshire Hathaway Inc., agreed to take over Wells Fargo & Co. (WFC)’s stake in a mortgage-lending business they own together.

HomeServices Lending LLC will become a wholly owned subsidiary of HomeServices of America by the end of 2014, the unit of Omaha, Nebraska-based Berkshire said today in a statement that didn’t disclose terms.

To contact the reporters on this story: Noah Buhayar in New York at nbuhayar@bloomberg.net; Dakin Campbell in New York at dcampbell27@bloomberg.net

To contact the editor responsible for this story: Dan Kraut at dkraut2@bloomberg.net

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