> Warren Buffett Blog: December 2018

Thursday, December 20, 2018

BYD could have an IPO before end of 2022

BYD Co., the electric-car maker backed by Warren Buffett, plans to list its battery business by 2022 to raise funds to expand as the global auto industry transitions away from the traditional combustion engine.

The listing will occur sometime by the end of 2022 and the company hasn’t decided yet where the shares will be trading, Chairman Wang Chuanfu said in an interview with Bloomberg News Wednesday at its headquarters in Shenzhen. BYD, which makes batteries for automobiles and mobile phones, is in the process of spinning off its vehicle-battery operations into a separate company before listing. 

Monday, December 17, 2018

Warren Buffett sells his California home

Warren Buffett's Laguna Beach getaway has sold for almost a $7.4 million profit. The sale price was $7.5 million. Buffett had purchased it for $150,000 nearly half century ago. 

The six bedroom, seven bathroom home features vaulted ceilings, an ocean viewing deck and two private bedroom entrances. The sale price is $3.1 million less than the original asking price.