Warren Buffett's Company Buys 9.8 Million Apple Shares

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OMAHA, Neb. (CBSMiami/AP) —Warren Buffett's  company bought 9.8 million shares of Apple - something that may lead investors to question his long-standing aversion to tech stocks.

Buffett has always avoided technology companies because he said it was too hard to pick which ones would prevail long-term, although he made an exception to that rule to buy a major IBM stake in 2011.

Buffett was also reported to be considering joining a bid to acquire Yahoo. But Buffett told CNBC Monday he would only act as a potential financing partner for Quicken Loans founder Dan Gilbert's bid.

Berkshire Hathaway revealed the new Apple investment Monday in a filing with the Securities and Exchange Commission detailing a number of changes to its $129 billion portfolio.

The new investment might have been made by Berkshire's two other investment managers.

(TM and © Copyright 2016 CBS Radio Inc. and its relevant subsidiaries. CBS RADIO and EYE Logo TM and Copyright 2016 CBS Broadcasting Inc. Used under license. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. The Associated Press contributed to this report.)

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