MUMBAI:
Investor Warren Buffett's fund Berkshire Hathaway has purchased
1.6 million shares of US media conglomerate Viacom valued
at $75 million.
Buffett
has been investing in media this year. He recently purchased
shares of Liberty Media for the first time. Berkshire holds
three million shares worth $265 million.
Berkshire
in the first quarter of the year boosted its investments in
IBM, DirecTV, Liberty Media, DaVita and the Bank of New York
Mellon.
Berkshire
also reduced its holdings in Intel Kraft Foods, Dollar General,
Johnson & Johnson, Procter & Gamble and Verisk Analytics. |
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