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OMAHA — Billionaire investor Warren Buffett plans to buy his hometown newspaper company, bypassing his misgivings about the industry with a $150 million deal that will end one of the industry’s last sizable employee-ownership plans.
Buffett’s Berkshire Hathaway also agreed to assume $50 million in debt to acquire the Omaha World-Herald, he told the company’s flagship newspaper. The amount employees will receive for each of their shares, which are not publicly traded, wasn’t disclosed.
