INSUBCONTINENT EXCLUSIVE:
NEW YORK: Berkshire founder and CEO Warren Buffett has said that his firm just bought its first Amazon shares
The news led to Amazon shares surge 2.3 per cent in the pre-market trade on Friday.
According to a CNBC report on Thursday, Buffett said
that someone at Berkshire's asset management desk just invested in some Amazon shares, but "it wasn't me."
"One of the fellows in the
office that manage money bought some Amazon," Buffett was quoted as saying.
The stake in Amazon is a first for the investment conglomerate
Buffett has repeatedly praised Amazon and its CEO Jeff Bezos in the past.
"The truth is that I've watched Amazon from the start and I think
what Jeff Bezos has done is something close to a miracle, and the problem is if I think something is going to be a miracle I tend not to bet
on it," Buffett said.
Last year, Berkshire, Amazon and JPMorgan Chase unveiled a joint venture to improve healthcare for their
employees.
Berkshire Hathaway owns about 250 million shares of tech giant Apple.