Warren Buffett reveals Berkshire was 'pretty close' to a $10 billion deal not long ago but held off as cash continues to pile up

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• Berkshire Hathaway CEO Warren Buffett told shareholders at the conglomerate's annual meeting on Saturday that he nearly pulled the trigger on a significant deal recently but ultimately didn't. That comes as investors have been wondering when he will deploy Berkshire's massive, and growing, stockpile of cash on a bigger scale.

For years, Berkshire Hathaway CEO Warren Buffett has bemoaned high asset prices and the lack of bargains out there to scoop up, but that may be changing.