Buffett says Abel ‘has launched’ with his first big Berkshire deal: an $8.5 billion housing bet
Berkshire Hathaway has acquired Taylor Morrison Home Corp. for $8.5 billion, marking its first major acquisition under new CEO Greg Abel. Warren Buffett praised Abel for leading the deal swiftly, though the acquisition of the sixth-largest homebuilder aligns with Buffett's long-standing strategy of buying businesses for less than their intrinsic value and holding them indefinitely. The deal significantly expands Berkshire's presence in the housing market, potentially making it the fourth-largest homebuilder when combined with its existing Clayton Homes subsidiary. AI
