Question Details
Will Warren Buffet make a multi-billion acquisition in 2013?
kruijs in
Business
» Deals
Settled on 01/03/2013 12:03 Settled by
kruijsThe Antelope Valley Solar projects, which are actually two adjacent arrays in Kern and Los Angeles counties, will comprise the largest solar project in the world, according to the company's release, serving close to 1 million residents.
The previous record was held by NextEra's Mojave development with an operating capacity of 354 megawatts.
Bloomberg reported MidAmerican purchased the development from Sunpower for between $2 and $2.5 billion.
http://www.businessinsider.com/warren-buffett-midamerican-solar-project-2013-1
Predictions
Background
Boldest Predictions 2013
He wrote in his 2011 letter to Berkshire shareholders that his "elephant gun has been reloaded, and my trigger finger is itchy" for a multibillion dollar acquisition. It hasn't happened so far. Buffett revealed that two possible big buys "that were plus and minus" $20 billion didn't get done this year because he couldn't get the price he wanted. Berkshire won't borrow money to do a deal, unlike competing buyers who use cheap money to "bid pretty aggressively." Still, in an October CNBC interview, Buffett told us he's "salivating" for another big acquisition and I think he'll finally bag one with a big chunk of the $40 billion in cash now burning a hole in Berkshire's pocket.
http://www.cnbc.com/id/100276714/page/6
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