Berkshire Hathaway Seeks Up to $1.25 Billion for VeriSign Stake
Berkshire Hathaway, the investment firm led by Warren Buffett, is selling approximately a third of its stake in VeriSign Inc., a domain name registry services company. Berkshire has held a stake in VeriSign for over a decade, and this sale will allow the firm to lock in a significant profit from its investment. The sale is expected to generate up to $1.25 billion for Berkshire Hathaway. This move comes as Berkshire Hathaway continues to manage its investment portfolio and capitalize on the gains it has made in certain holdings. The sale of the VeriSign stake is seen as a strategic decision by the investment firm to realize the value of its long-term investment in the company.
Note: This is an AI-generated summary of the original article. For the full story, please visit the source link below.
