Business

Behind Buffett’s Big Energy Bid

The billionaire investor is going up against Paul Singer in the deal for Oncor.

Warren Buffett, chairman and chief executive officer of Berkshire Hathaway Inc.
Photographer: Chris Goodney/Bloomberg

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By Ryan Collins, Jim Polson, Matthew Monks, and Sridhar Natarajan

July 13, 2017 at 5:32 PM UTC

Updated on

July 14, 2017 at 3:18 PM UTC

This article is for subscribers only.

This article is part of the July 17, 2017 issue of businessweek.

Deal Snapshot provides a pithy summary of a significant corporate acquisition, sale, or transaction. This week: Warren Buffett goes up against Paul Singer in the deal for Oncor.

Buyer: Berkshire Hathaway Energy Co., a subsidiary of Warren Buffett’s Berkshire Hathaway Inc.

Price: $18.2 billion

Buffett is bidding for Oncor, which helps deliver electricity to about 10 million customers in Texas. Oncor’s parent, Energy Future Holdings Corp., was taken private in the world’s biggest leveraged buyout in 2007 and went bankrupt in 2014.