Bill Gates‘ bridge chum’s firm buys Red Hat stock
Oracle’s share prices took a buffeting last night after it was revealed billionaire Warren Buffet’s Berkshire Hathaway had ditched its $2.1bn stake in Big Red.
The divestment was revealed in the firm’s latest SEC filing, which lists stock at the end of the third quarter, 31 December 2018, and had a Big Red hold.
The move is particularly noteworthy because Berkshire Hathaway had only bought the 41.4 million Oracle shares in the previous quarter – and Bill Gates‘ bridge partner’s biz rarely ditches stock that fast.
The news saw Oracle share prices fall 2 per cent, according to CNBC, although they had recovered at the time of writing.
