Billionaire Warren Buffett lowers stake in IBM by 32%
Billionaire Warren Buffett's Berkshire Hathaway has reduced its IBM stake by 32% in the third quarter to about 37 million shares worth $5.37 billion, according to a regulatory filing. Berkshire increased its Apple stake to about 134 million shares worth $20.7 billion. Buffett had invested over $10 billion into IBM in 2011, making it one of his company's largest investments.