Berkshire Adds Tech IPO to Ways It Will Deploy Mountain of Cash
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Berkshire Hathaway Inc. is buying into a software company’s initial public offering in the latest expansion of Warren Buffett’s playbook.
Berkshire and Salesforce Ventures, an arm of Salesforce.com Inc., will each buy $250 million of shares of Snowflake Inc. at its IPO price, according to a filing Tuesday. Berkshire has also agreed to buy 4 million shares in a secondary transaction, according to the filing.