Berkshire Hathaway has sold roughly one-third of its stake in VeriSign, raising $1.23 bn
The sale cut Berkshire’s holding from 14.2% to 9.6%, bringing it below the 10% regulatory threshold. VeriSign, which received no proceeds from the sale, noted that Berkshire may sell another 515,000 shares to meet investor demand. Despite adding to its position as recently as January, Berkshire has now trimmed a long-held stake dating back to … Read more