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Buffett salivates for big acquisition

Berkshire Hathaway Inc has had two acquisitions of around $20 billion each fall through this year despite a willingness on both sides to do the deal, chief executive Warren Buffett said on Wednesday.

business Updated: Oct 25, 2012 21:15 IST

Berkshire Hathaway Inc has had two acquisitions of around $20 billion each fall through this year despite a willingness on both sides to do the deal, chief executive Warren Buffett said on Wednesday.

In an interview on CNBC Buffett said “I’m salivating” to do another deal, adding that the mega-deals fell through because of difficulties agreeing on price.

Buffett also said revenue is down at Berkshire Hathaway’s newspapers this year, though smaller ones are doing better.