Warren Buffett to buy 80% of Israeli company Iscar

Warren Buffett, the legendary Omaha, Nebraska, investor, announced on Friday that he would purchase 80% of the Israeli company Iscar. The company's current owners, the famous Wertheimer family, will receive some $4 billion for the deal. The deal is the largest ever purchase of an Israeli company and makes the Wertheimer family the single wealthiest family in Israel.