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Berkshire Hathaway to sell up to 1/3 of stake in Verisign — Warren Buffett’s

Berkshire Hathaway to sell up to 1/3 of stake in Verisign — Warren Buffett’s

Firm files with SEC to sell sizable portion of its holdings of .com registry.

Verisign logoWarren Buffett’s Berkshire Hathaway has filed to sell regarding 1/3 of its holdings in .com/.net registry Verisign (NASDAQ: VRSN).

The firm right now owns 14.2% of common shares of the firm. It could sell between 4.3 million to 4.8 million shares. If it sells all 4.8 million shares, it will own 9.6% of the firm.

The sales would bring Berkshire below the 10% threshold, where Section 16 regulations apply. The firm will still be required to make filings for owning more than 5% of the stock.

Shares in Verisign are down 6% in following-hours trading. Shares hit a 52-week high during the trading day.

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