Berkshire Buys Brookfield Brokerage for $130 Million

Warren Buffett’s Berkshire Hathaway has paid $130 million to buy out Brookfield Asset Management’s stake in the conglomerate’s fast-growing real estate brokerage. Berkshire exercised its option to acquire the Toronto-based private equity firm’s one-third stake in Berkshire Hathaway HomeServices in February, Brookfield disclosed during an earnings call Monday. The deal closed last month. “We like…