Billionaire investor Warren Buffett says he hungers for an B次元官网网址渆lephant-sized acquisition,B次元官网网址� but the most tempting targets are too expensive for his tastes.

That recipe means Berkshire Hathaway, the conglomerate that Buffett runs, will likely focus on buying stakes in a variety of companies instead of trying to pull off an outright takeover.

Buffett delivered that news Saturday in his annual letter to Berkshire shareholders. His communique is closely scrutinized by investors because of BuffettB次元官网网址檚 success in the stock market, where he has built a fortune that Forbes currently pegs at $83 billion.

Berkshire could afford a big deal because it currently holds $112 billion in cash. But Buffett doesnB次元官网网址檛 expect to open his wallet this year because B次元官网网址減rices are sky-high for businesses possessing decent long-term prospects.B次元官网网址�

The Associated Press

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