Billionaire businessman Warren Buffet’s Berkshire Hathaway Inc. (NYSE: BRK.A, BRK.B) will acquire Omaha-based Oriental Trading Co., which sells party supplies and other goods for about $500 million, reportedly.

Oriental Trading also sells arts and crafts, school supplies, toys and novelties, including themed gift bags, dinosaur pinatas and glow-in-the-dark jewelry.

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