Goldman Sachs receives cash injection from US billionaire Warren Buffett

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Goldman Sachs receives cash injection from US billionaire Warren Buffett

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09-25-2008, 12:44 AM

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Goldman Sachs receives cash injection from US billionaire Warren Buffett

Berkshire Hathaway has bought a stake in American bank, Goldman Sachs, as part of an injection of cash which will see the group raise $7.5 billion (£4 billion).The investment vehicle, which is run by US billionaire investor Warren Buffett, came to an agreement to buy $5 billion of preferred stock in a private offering. The [...]

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