HomeAbout

TL;DR CNBC


Buffett says Berkshire sold its entire Paramount stake: 'We lost quite a bit of money' - TL;DR CNBC

Buffett says Berkshire sold its entire Paramount stake: 'We lost quite a bit of money'

Publishing timestamp: 2024-05-04 16:17:26


Summary

Warren Buffett revealed that Berkshire Hathaway sold its entire stake in Paramount at a loss, citing it as his own decision. Paramount has been struggling with declining revenue and stock performance, with potential acquisition offers on the table. Buffett's unsuccessful bet on Paramount has led him to reflect on the competitive streaming industry.


Sentiment: NEGATIVE

Tickers: BRK.APARA

Keywords: berkshire hathaway incwall streetbreaking news: businessbreaking news: investingparamount globalwarren buffettomahabusiness newsstock marketsmarketsinvestment strategybreaking news: markets

Source: https://www.cnbc.com/2024/05/04/buffett-says-berkshire-sold-its-entire-paramount-stake-we-lost-quite-a-bit-of-money.html


Developed by Leo Phan