Buffett wants billion-dollar acquisition

By Wire services | October 25, 2012 | Last updated on October 25, 2012
1 min read

Do you know a billion-dollar business that’s for sale? Contact Warren Buffett.

The billionaire investor is itching to spend his money on a big-ticket acquisition, reports FT.com.

Buffett said he will consider simple businesses with management in place that demonstrate “consistent earning power” and good returns while using “little or no debt.” He’s also unwilling to compete in bidding wars.

Read: Buffett vs Pickens: who would win a fight?

The news comes after two $20 billion deals fell through earlier this year after disagreement over price. Read more.

Wire services