In the following video, Motley Fool analyst Matt Koppenheffer tells us about Warren Buffett's enormous new purchase. Berkshire Hathaway (NYSE: BRK-B) has announced that it's teaming up with 3G Capital to buy H.J. Heinz (UNKNOWN:HNZ.DL) for a total price of $28 billion. The deal is right in Buffett's wheelhouse, as he's known for having a soft spot for companies with great, well-known brands. 3G brought the deal to Buffett, and it will oversee the company after the acquisition.
Matt Koppenheffer owns shares of Berkshire Hathaway. The Motley Fool recommends Berkshire Hathaway and H.J. Heinz Company. The Motley Fool owns shares of Berkshire Hathaway. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.