Abel Doubles Berkshire’s Alphabet Bet With $10B Private Purchase

Berkshire Hathaway’s Greg Abel is committing another $10 billion to Alphabet via a private placement, following an estimated $11 billion investment last quarter. The deal leverages Berkshire’s hefty cash pile (about $380 billion) and could make Alphabet Berkshire’s third-largest marketable equity position, echoing Buffett-like dealmaking by securing favorable terms. Abel’s move comes as Alphabet advances AI initiatives (Google Cloud and Gemini) and maintains solid growth, though the stock trades at a rich multiple relative to earnings; still, the investment signals Berkshire’s willingness to deploy cash into tech with long-term strategic value.