Berkshire Hathaway Cuts Apple Stake and Buys $350M New York Times Stake
Berkshire Hathaway reduced its stake in Apple, trimming part of its equity holdings. It concurrently acquired 5.1 million shares of The New York Times, representing a 3% stake valued at over $350 million.
1. Apple Stake Reduction
Berkshire Hathaway trimmed its position in Apple, selling part of its equity holdings. The company has not disclosed the exact number of shares sold or its remaining percentage stake.
2. New York Times Investment
Concurrently, Berkshire acquired 5.1 million shares of The New York Times, establishing a 3% ownership stake valued at over $350 million. This marks Berkshire’s first significant investment in a major news publisher.
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