Reported 3 days ago
Warren Buffett's Berkshire Hathaway has made a notable $74 million investment in VeriSign Inc., acquiring about 377,736 shares despite the company's stock declining in a booming tech market. Founded in 1995 and a significant player in the dotcom boom, VeriSign maintains essential internet infrastructure, which has kept its profit margins strong. Berkshire's total holdings in VeriSign now exceed 13 million shares, making it the largest shareholder, reflecting confidence in the company's long-term potential despite recent stock underperformance.
Source: YAHOO