economy
Berkshire Hathaway makes $6.8 billion housing bet with Taylor Morrison deal
The acquisition marks one of the first major strategic deals under Warren Buffett's successor Greg Abel, who took over as CEO in the beginning of 2026.
TL;DR
- Berkshire Hathaway will acquire Taylor Morrison for $6.8 billion in an all-cash deal.
- The offer of $72.50 per share represents a 24% premium to Taylor Morrison's closing price on May 29.
- This acquisition is one of the first major strategic deals under new CEO Greg Abel.
- The deal indicates Berkshire's belief in an upcoming recovery of the U.S. housing market.
- Berkshire Hathaway already has a substantial presence in the housing industry.
- This acquisition follows Berkshire's $9.7 billion deal for Occidental Petroleum's chemical business in October.