Berkshire Bets $10 Billion on Alphabet at a Discount

Berkshire Hathaway has agreed to buy $10 billion of Alphabet stock in a private placement, allocating $5 billion to Class A shares at about $352 each and $5 billion to Class C shares at about $348 each, roughly a 6% discount to Alphabet's market price, expanding Berkshire's Alphabet stake to around $32 billion. The move comes as Berkshire, flush with cash and under Greg Abel's leadership, resumes active capital deployment and follows an $8.5 billion Taylor Morrison deal; despite its size, the purchase is not expected to move Berkshire's overall needle given its massive scale.