Berkshire Hathaway Sells $1.21 Billion in VeriSign Stock
Berkshire Hathaway has sold 8.3 million shares of VeriSign, worth approximately $1.21 billion, according to a recent SEC filing. This represents about 80% of its holdings in the company, trimming its stake down to 2.02 million shares. The sale was disclosed by Warren Buffett and indicates a significant strategic shift, as VeriSign had been part of Berkshire’s portfolio for many years. VeriSign is a key provider of internet infrastructure services, including domain name registry services.
The move signals changing priorities for Berkshire Hathaway and may prompt broader investor re-evaluation of legacy internet infrastructure companies.
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