TECH - This Recent Acquisition By Warren Buffett's Berkshire Hathaway Outperforms Nike Netflix And Coca-Cola In Revenue And Headcount | Benzinga
Warren Buffett‘s Berkshire Hathaway Inc. (NYSE:BRK) (NYSE:BRK) has recently completed the acquisition of a business that rivals some of America’s largest companies like Nike Inc, Coca-Cola Co, and Netflix Inc in terms of revenue and headcount.
What Happened: The famed investor’s company recently acquired the remaining 20% of Pilot Travel Centers, likely spending over $13 billion in total for the truck-stop chain, which joins a collection of subsidiaries that includes Geico, Duracell, and Dairy Queen.
In 2022, Forbes ranked Pilot as the nation’s fifth-largest private company, generating an estimated $70 billion in revenue, placing it comfortably within the S&P 500’s top 100 companies by revenue. This revenue is higher than that of several corporate giants, including Nike ($47 billion), Coca-Cola ($43 billion), Netflix ($32 billion), and McDonald’s ($23 billion) in 2022, reported Markets Insider.
Pilot also boasts an employee count of approximately 26,000, comparable to Nvidia or Visa, and double that of Netflix. However, it is ...