Bill Gates has purchased nearly $100 million of Anheuser-Busch stock in a stunning move that comes after the controversy surrounding Bud Light. And to be specific, The Bill And Melinda Gates Foundation Trust acquired 1.7 million shares of Bud Light’s parent company, Anheuser-Busch. This equates to a purchase price of about $95 million. Gates and/or the foundation trust also acquired a position on Bud Light / A-B rival Heineken. Gates most likely attempted to “buy the dip” which means to purchase a stock at an abnormally low price. The key to buying the dip is essentially betting on the stock rebounding to a higher price in order to make a profit. Heineken is down about 10% since Gates purchased stock and Anheuser-Busch is down about 2%.
Bill Gates’ foundation made a nearly $100 million bet on Bud Light | CNN Business
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Bill Gates’ foundation buys Anheuser-Busch stock worth $95 million after Bud Light financial fallout – CBS News
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