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Berkshire buys out Brookfield's stake in real estate brokerage JV

Berkshire Hathaway Inc. has bought Brookfield Business Partners LP's 33% joint venture interest in Berkshire Hathaway Homeservices Inc. for approximately $130 million.

Brookfield Business Partners received the proceedings for the sale of its stake in the real estate brokerage in April. Brookfield Asset Management Inc. is the parent of Brookfield Business Partners.