Warren Buffett’s Berkshire Hathaway reported Monday in a securities filing that it has acquired a stake in Paramount Global after acquiring $2.6 billion in Class B shares. The SEC Form 13F fi…
Warren Buffett’s Berkshire Hathaway reported Monday in a securities filing that it has acquired a stake inThe SEC Form 13F filing showed that Buffett’s company acquired almost 69 million shares of Paramount Global during the first quarter, along with revealing that it also took other stakes in companies like Citibank. Overall, the investing giant acquired $51 billion in stocks during the first three months of 2022.
Buffett, who also owns stakes in entertainment companies like Apple and Amazon, buys into Paramount Global, formerly ViacomCBS, after the company’s Q1 2022 results included subscriber gains in its flagship streaming service Paramount+ and Tubi, topping expectations. But Wall Street skepticism on the limits of streaming gains sector-wide has kept the stock in the red for the year.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Warren Buffett’s Berkshire Hathaway Acquires $2.6B Stake in Paramount GlobalParamount joins Apple, Amazon and Charter Communications in Buffett's list of entertainment-related holdings.
Read more »
Warren Buffett Spends Big as Stock Market Sells OffWarren Buffett’s Berkshire Hathaway has used the recent markets slump as an opportunity to ramp up spending on stocks.
Read more »
Reds' Hunter Greene, Art Warren no-hit Pirates for eight innings but still lose 1-0Cincinnati's Hunter Greene and Art Warren allow no hits in eight innings, but fielder's choice RBI in 8th lifts Pittsburgh to 1-0 victory.
Read more »
Elizabeth Warren: I Am Angry But Determined to Protect RoeFor Marie Claire, Massachusetts Senator SenWarren lays out the path to fight back right now.
Read more »
How regulators are shaping the future of crypto | Interview with Sheila WarrenStraight from Crypto Bahamas, we are back with yet another interview. Sitting and talking with Rachel is Sheila Warren, CEO of Crypto Council for Innovation....
Read more »
Warren Buffett says 'monkeys' could do as good a job investing as Wall Street financial advisorsBuffett calls investing a 'simple game' that Wall Street financial advisors have convinced the public is harder than it really is.
Read more »