Warren Buffett's Berkshire Hathaway is Betting on Verizon and Chesapeake Energy Will Spin Off Oilfield Services Unit

Verizon Communications Inc. (NYSE: VZ) has had several major investors picked up stakes in the company. Reports revealed that Warren Buffett's Berkshire Hathaway had 11 million shares valued at approximately $524 million as of the end of March. John Paulson's new Verizon stake was worth $415.9 million at the end of the quarter, while Daniel Loeb's stake was worth $166 million, according to The Wall Street Journal. Verizon Communications Inc., through its subsidiaries, provides communications, information and entertainment products and services to consumers, businesses, and governmental