“ Yes, Warren Buffett's Berkshire Hathaway did sell its entire stake in Paramount Global, and at a loss, according to news reports. Buffett himself confirmed the sale and the loss at Berkshire Hathaway's annual shareholder meeting, stating he took full responsibility for the investment decision, according to Deadline.
Berkshire Hathaway initially invested in Paramount in the first quarter of 2022, acquiring a $2.6 billion stake. By the end of 2023, they still held 63.3 million shares. However, in early 2024, Berkshire began selling off its shares, eventually exiting the entire position. Buffett stated that the sale resulted in a "quite a bit of money" loss, reports Deadline“ You always knew this was a Buffett trade? Many of us didn’t. Thank you.