> Warren Buffett Blog: Berkshire buys Red Hat stock

Monday, February 25, 2019

Berkshire buys Red Hat stock

Berkshire has revealed it has bought 4.2 million shares of Red Hat.

IBM is in the process of buying Red Hat in a $34 billion deal that translates to roughly $190 per Red Hat share.

Despite the deal announced at the end of October 2018, Red Hat shares traded in the $170s in November and December 2018.