Business Wire

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Business Wire
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Founded 1961
Key People Lorry Lokey, Founder

Business Wire is a wholly owned subsidiary of Berkshire Hathawayand is a global market leader in commercial news distribution. The company transmits full-text news releases, regulatory filings, photos and other multimedia content to journalists, financial professionals, investor services, regulatory authorities and the general public worldwide.[1]


Business Wire opened its door for business on Oct. 2, 1961. It began as a privately held San Francisco news service owned predominantly by founder Lorry Lokey and his daughters.[2]

On March 1, 2006 Business Wire officially became a wholly owned subsidiary of Berkshire Hathaway, a NYSE-listed company (Fortune 12) that is controlled by Warren Buffett. Day-to-day operations were unchanged by the acquisition. The transaction occurred for an undisclosed amount.[3]

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