Berkshire Could Spend $10 Billion On Its Next Buy

Reuter's Ben Berkowitz reported this evening that Berkshire Hathaway Inc. (NYSE:BRK.A) (NYSE:BRK.B) would be open to an acquisition worth in the region of $10 billion going forward. The company is holding its annual meeting today. The report is sourced from an exclusive meeting between the Reuters correspondent and Berkshire's CEO Warren Buffett.

An earlier discussion at the conference revealed that the famous investors had recently failed in making a $22 billion acquisition. The details of that deal were not disclosed but it certainly...