. >> reporter: the oracle of omaha now has a new title: ketchup king. for the first time, warren buffett, who's shied away from working with private equity partners, is teaming up with 3g capital in a $28 billion deal-- close to $24 billion of that in cash and the assumption of $4 billion in debt-- to take h.j. heinz private. >> warren buffett is starting to get older at this point, and, in this case, he's having 3g handle the operational side of this transaction. >> reporter: while buffett's age may be advancing, he's still very interested in doing deals in well-known brands. it's not the first time buffett has partnered to do a deal. five years ago, berkshire worked with mars in a $23 billion acquisition of wrigley. and just last year, berkshire was part of an unsuccessful $10 billion bid by coty to buy avon. but new york university business professor aswath damodaran says this deal is all about the experience 3g's team brings to the table. >> the one thing they have going for them is, they've run other companies very well in brazil for a long time. a

warren buffett is now the ketchup king. they're not doing too bad. >> it has been a long haul. >> that big story. >> that's a big story. a lot of mergers and stuff going -- okay. so i want to talk about what carly and vicki are here for. you started the one woman initiative. >> yes. >> and you are now joining it. tell us first of all about it to review for our viewers and then we'll talk about this new collaboration. >> i began the one-woman initiative in collaboration with usaid when condi rice was then secretary of state. we wanted to focus on women. so we funded women's organizations in places like azerbaijan, pakistan, egypt, the philippines, afghanistan. and hopefully, we did a lot of good. however, now we're teaming up with opportunity international, so that we can leverage that impact. the single largest unused economic resource in the world is one woman. we know that when women are invested in, they reinvest 90% of that money in their families, in their communities. if we want to solve any problem, poverty, conflict, disease, illiteracy, we h

buffett becomes the ketchup king and anheuser-busch hoping to push their deal through. and stocks you want to date, marry and divorce. and you will not want it miss this. speaking of ships, the biggest yacht in the world just pulled into new york city and we've got video, mandy. >> indeed. but we begin right now with breaking news. live video coming in of the carnival cruise ship triumph diego towed. 5,000 passengers trapped in reportedly horrendous. holding sheets for signs, reminiscent of hurricane katrina in louisiana pch and we talk with january e with janet. what is interesting in this situation? >> as you see the signs on the ship, basically limping into the port of mobile. they say things like help us get home. sos. they are writing them on their very own bedsheets. this is clearly desperation of people who have been without power for five days and have another seven hours until they get here. a couple of hours to get off the ship and then it is the trip back to texas or wherever they came from or a night in a hotel. so insult to injury when we learn today that t

first, diving into that deal, gentlemen, warren buffett's berkshire hathaway and brazil's 3g ketchup king, buying it out for about $23 billion, the buyingest buyout ever in food industry. shareholders get $72.50 per share but that is a 20% premium to heinz closing stock price yesterday. who are the big winners? check out heinz top institutional shareholders. it is really a who's who list. blackrock, vanguard, state street, capital world and fed rated. warren buffett on squawk box earlier this morning and he talked about his partnership with 3g to buy heinz. >>er with putting up more of the money but going to be an equal equity partner with 3g. and there will be 8 billion of preferred stock. and then well each have 4 and a fraction billion of common equity. swoel split the equity. but we're a financing partner in addition and there are the operational guys. >> well, we always think about ketchup with heinz, but if isn't just about ketchup. take a look at other brands it owns, such as tgi fridays. classico and food star. they have been moving smartly to the upside. see the spike at the righ

. >> reporter: the oracle of omaha now has a new title: ketchup king. for the first time, warren buffett, who's shied away from working with private equity partners, is teaming up with 3g capital in a $28 billion deal--

. >> reporter: the oracle of omaha now has a new title: ketchup king.irst time, warren buffett, who's shied away from working with private equity partners, is teaming up with 3g capital in a $28 billion deal--

ketchup world. >> in the market for used car, you may want a better deal on vacation. >> jane king explains all of us how much her husband is spending on valentine's day this year. >> we take it easy on valentine's day, my birthday is in january, we have christmas in december, valentine's is not big spending day. so it make sense that a lot companies are getting together, and ketchup make heinz agreed to sell itself to warren buff get in a deal worth $23 billion. heinz has sustainable growth because of innovation and great tasting products. investors are responding to americans deal merging with us airways. the deal would create the largest airline and this is showing how the shares are trading, mixed trade so far in reaction. the silicon valley index is trading to the down side. shares of cisco, san jose based cisco has had a disappointing sales forecasts explaining growth challenge in china and europe and weakened government demand. in the market for a used car? think about buying it while you are on vacation. there was a look 59 prices in 95 cities and used cars if san francisco are 2 percent m

it was just tweeted that berkshire should buy burger king so buffett can have burgers for his new heinz ketchup and mustard. pretty good. keep the suggestions coming. >>> now, are they carry ago higher risk of default? the talk of a junk bond bubble is increasing. find out more at cnbc.com. >>> the u.s. dollar is shrinking as a percentage of the world's currency supplies raised concerns about greenback is about to see its long run coming to an end. is the dollar really dying? we have analyst views on the web. and japan's economic policies have driven down value. they've given exporters a monetary boost. is it time to cut japan some slack? cnbc.com has all the answers. i'm serious, we compare our direct rates side by side to find you a great deal, even if it's not with us. [ ding ] oh, that's helpful! well, our company does that, too. actually, we invented that. it's like a sauna in here. helping you save, even if it's not with us -- now, that's progressive! call or click today. no mas pantalones! more "likes." more tweets. so, beginning today, my son brock and his whole team will be our new sen

king. >> right. >> about two years ago. so a big deal on -- we have a lot of big deals today. airlines deal. we now have -- >> it's valentine's day. and ketchup isn't it? >> you know, who brought this over here? did somebody literally bring these to me -- >> where did they get that? >> i don't know. >> inside information. >> inside information. we're breaking the news and then holding up the ketchup. >> anyway. >> stock's moving again. andrew, again, if you looked at the stock, it closed yesterday, the market cap was 19.39 billion. andrew again just talking about the news this is going to be a $28 billion purchase. you can take a look right now. that stock closed yesterday, i think at $60 and something. right now $72. >> the premium is about 20%. 19%, 20%. >> it was 19 billion and it's $28 billion. that's bigger than 20%. >> you were talking about some of the deals -- >> that probably -- >> i think that's with debt. >> you were talking about some of the deals that were getting done that weren't great deals because some of them were the companies that they were buying were already too high. i mean this would not fall into that category i guess