GuruFocus Premium Membership

Professional Value Investing Tools at Affordable Prices

Try It 100% for 7 Days!

Buffett buys news service

January 17, 2006
Renowned investor Warren Buffett has agreed to buy San Francisco's Business Wire at a price in the hundreds of millions of dollars, according to a source close to the deal.

Lorry Lokey, who founded Business Wire as a way for companies to disseminate their news releases in 1961, had been entertaining offers for the company for the past four years, the source said.

Rating: 2.7/5 (3 votes)


Please leave your comment:

Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)

GuruFocus Premium Plus Membership