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.

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.

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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.