Warren Buffett says he was close to making a 'very large' acquisition in the fourth quarter

Billionaire investor Warren Buffett said he was close to making a big acquisition in the fourth-quarter of last year, but it fell apart.

“We had at least one deal possible that would have been very large,” Buffett told CNBC’s Becky Quick on Monday. “I liked stocks in the fourth quarter but I would like buying a business even better.”

Buffett added that he didn’t think the deal was on the table any longer but did not say why not. When pressed for further details on the mystery deal, Buffett said, “I’ll give you a hint. It’s on this planet.”

The chairman and CEO of Berkshire Hathaway, 88, spoke from Omaha, Nebraska after the release of the conglomerate’s annual shareholder letter. On Saturday, Berkshire posted a rare share loss during the fourth quarter of last year, taking a massive $3 billion writedown.

This is a developing story. Please check back for updates.


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