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Samsung pays $449m for stake in BYD

Samsung Electronics Co Ltd bought a 3 billion yuan ($449 million) stake in Chinese electric-car maker BYD Co Ltd, which is backed by US billionaire investor Warren Buffett’s Berkshire Hathaway Inc. Shanghai Samsung Semiconductor purchased 52.26 million BYD shares at 57.4 yuan a share in a private placement that raised 14.5 billion yuan in total, according…