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American Focus > Blog > Economy > Warren Buffett knocks down reports that Berkshire’s BNSF taps Goldman for a railroad takeover
Economy

Warren Buffett knocks down reports that Berkshire’s BNSF taps Goldman for a railroad takeover

Last updated: July 22, 2025 9:40 pm
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Warren Buffett knocks down reports that Berkshire’s BNSF taps Goldman for a railroad takeover
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Warren Buffett Denies Reports of Berkshire Hathaway Railroad Takeover

In a recent statement, Warren Buffett refuted claims that Berkshire Hathaway-owned railroad BNSF was collaborating with Goldman Sachs on a takeover of a rival company. The 94-year-old billionaire investor clarified that neither he nor Greg Abel, who is slated to take over as Berkshire’s CEO, had been approached by anyone from Goldman regarding such a deal.

Buffett emphasized his longstanding preference for avoiding external bankers in deal-making processes, citing the high costs associated with their services. Known as the “Oracle of Omaha,” Buffett has been vocal about his skepticism towards intermediaries who often prioritize their own financial gain over the best interests of the companies involved.

Reports circulating on Monday, sourced from Semafor and Reuters, suggested that Berkshire had enlisted Goldman’s help in exploring a potential acquisition following expressions of interest from Union Pacific in Norfolk Southern. Berkshire’s acquisition of BNSF in 2011, which involved a $26.5 billion deal for the remaining 77% stake in the freight railroad network, remains one of the notable transactions in Buffett’s portfolio.

The denial of the rumored collaboration between Berkshire Hathaway and Goldman Sachs sheds light on Buffett’s hands-on approach to deal-making and his commitment to strategic decision-making within his conglomerate. As the succession plan for Berkshire’s leadership unfolds, investors and stakeholders continue to watch closely for insights into the future direction of the renowned investment firm.

See also  Canaccord Trims PagerDuty (MDB) Price Target, Maintains Buy Rating
TAGGED:BerkshiresBNSFBuffettGoldmanKnocksRailroadReportstakeoverTapsWarren
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