Berkshire Hathaway buys Taylor Morrison for $6.8 billion and invests $10 billion in Alphabet
New Berkshire Hathaway CEO Greg Abel completed the homebuilder purchase and the Alphabet investment without prior full-board approval. The moves mark Abel's first major transactions since taking the role.
finance.yahoo.comBerkshire Hathaway agreed to acquire Taylor Morrison Home Corp. through a private placement of Class A and Class C shares. A few days later the seller called to accept the offered price, and Abel informed Berkshire lead director Sue Decker before notifying the rest of the board.
Housing platform In a joint statement Abel said the purchase would allow Berkshire to combine its site-built homebuilding units into one platform. Berkshire already owns Clayton Homes, Shaw Industries, Johns Manville, and Benjamin Moore. Taylor Morrison CEO Sheryl Palmer called the transaction a once-in-a-lifetime opportunity for the company and its employees.
She noted that talks with Abel began several weeks before the announcement.
Alphabet investment Berkshire purchased $5 billion of Alphabet Class A shares at $351.81 each and $5 billion of Class C shares at $348.20 each. The prices represented discounts of 4.5 percent and 4.8 percent to the closing market values on the day of the announcement.
Berkshire already held $21.3 billion of Alphabet Class A shares before the new purchase. The additional shares will make Alphabet one of Berkshire's three or four largest equity positions. Abel increased Berkshire's Alphabet stake more than threefold during the first quarter of 2026, moving from roughly 18 million shares to nearly 58 million shares.
