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Buffett Greatly Reduces Stake In Amazon, Invests In 'The New York Times'

Warren Buffett has reduced Berkshire Hathaway’s stake in Amazon by more than 77% — to 2.3 million shares — while investing $351.7 million in The New York Times, for roughly 5.1 million shares, The Street reports. Buffett is continuing to move away from some big tech holdings into a more selective mix of media and traditional businesses.

Read the whole story at The Street »

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