Warren Buffett’s Berkshire Hathaway has submitted a filing indicating its intent to sell approximately one-third of its stake in Verisign, the company behind the .com and .net domains. Currently, Berkshire holds about 14.2% of Verisign’s common shares and plans to divest between 4.3 million to 4.8 million shares. If the company goes through with selling all 4.8 million shares, its ownership would drop to 9.6%.
This decision would bring Berkshire below the 10% ownership threshold, which has regulatory implications under Section 16, although it would still be required to file reports for holding more than 5% of Verisign’s stock.
Following the announcement of the planned sales, Verisign’s shares fell by 6% in after-hours trading after reaching a 52-week high earlier in the day.
Welcome to DediRock, your trusted partner in high-performance hosting solutions. At DediRock, we specialize in providing dedicated servers, VPS hosting, and cloud services tailored to meet the unique needs of businesses and individuals alike. Our mission is to deliver reliable, scalable, and secure hosting solutions that empower our clients to achieve their digital goals. With a commitment to exceptional customer support, cutting-edge technology, and robust infrastructure, DediRock stands out as a leader in the hosting industry. Join us and experience the difference that dedicated service and unwavering reliability can make for your online presence. Launch our website.