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Buffett Says Berkshire Could Spend Up to $10 Billion on Deal

Warren Buffett, who invested $23.9 billion for his Berkshire Hathaway Inc. in the third quarter, said the company could spend as much as $10 billion on its next acquisition.

Buffett has $8 billion to $10 billion to spend on the right investment, though he has no specific merger-and-acquisition plans currently, he said yesterday in a visit to Japan.