Berkshire Hathaway buys home builder Taylor Morrison for $6.8 billion
Berkshire Hathaway acquired home builder Taylor Morrison for $6.8 billion in an all-cash deal. Analysts say the purchase could trigger more investment in the US housing market. It marked the conglomerate's first multibillion-dollar acquisition under its new leadership.
Warren Buffett's conglomerate Berkshire Hathaway has acquired home builder Taylor Morrison for $6.8 billion in an all-cash deal. Analysts speaking to the South China Morning Post said the move deepens institutional confidence in the US housing segment.
The investment, made in May, marked the first multibillion-dollar acquisition announced under the conglomerate's new chief executive and president. Analysts said the purchase could encourage more home buying by both local and overseas buyers.
Berkshire's move deepens its bet on the residential property market in the world's largest economy. Whether the deal spurs a wider wave of investment from other institutional players remains to be seen in the coming months.
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