Berkshire Hathaway completed the sale of nearly one-third of its stake in VeriSign, an internet infrastructure and domain name registry company. The transaction generated $1.23 billion for the conglomerate.
This sale follows the company's earlier announcement of its intention to reduce its long-held position in VeriSign. The divestiture represents a strategic move to rebalance its investment portfolio.
The proceeds from this sale contribute to Berkshire Hathaway's substantial cash reserves, providing further flexibility for future investments or capital deployment.
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