Billionaire financier George Soros wants to invest in or purchase a large automotive dealership group, potentially following in the footsteps of Warren Buffett, Automotive News reported. Two representatives of Soros Fund management, which Soros chairs, attended the National Automobile Dealers Association convention in San Francisco over the weekend to research the industry and find potential investing opportunities, the industry trade publication said, citing four sources familiar with the situation.A deal by Soros would follow a similar move last year by Buffett's Berkshire Hathaway Inc, which announced the purchase of the Van Tuyl Group auto dealership.Soros is interested in the car business as a way to diversify his fund's holdings and cash flow opportunities, and buying a large dealership group was one option, the sources told Automotive News.Soros Fund is in talks with an undisclosed number of dealership groups and has proposed "different transactions to different people," the publication said, citing one of the sources.
Berkshire Hathaway Inc. (Berkshire) is a holding company owning subsidiaries engaged in a number of diverse business activities. Shares of BRK-A fell by 0.09% or $-209.0/share to $223542.00. In the past year, the shares have traded as low as $163038.00 and as high as $229374.00. On average, 353 shares of BRK-A exchange hands on a given day and today's volume is recorded at 55.
Berkshire Hathaway Inc. (Berkshire) is a holding company owning subsidiaries engaged in a number of diverse business activities. Shares of BRK-B fell by 0.11% or $-0.17/share to $148.95. In the past year, the shares have traded as low as $108.12 and as high as $152.94. On average, 3778970 shares of BRK-B exchange hands on a given day and today's volume is recorded at 738469.
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