Berkshire Cuts Amazon Stake, Makes Bet on New York Times
Berkshire Hathaway Inc. slashed its holding in Amazon.com Inc. by more than 75% in the fourth quarter, while also building a stake in the New York Times Co. Warren Buffett's last new bet as chief executive officer. The conglomerate acquired 5.1 million shares of the media publishing company in the three months through December, a stake worth $351.7 million at year-end, according to a regulatory filing Tuesday. Bloomberg's Matthew Palazola joins to discuss.
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