Shares of Paramount Global traded in the red after hours Wednesday following news that Warren Buffett’s Berkshire Hathaway has reduced its holdings in the company.
Berkshire Hathaway BRK.A BRK.B sold about a third of its stake in Paramount PARA and now holds about 63 million shares of the entertainment company. Paramount has 610.7 million shares outstanding and a public float of 576.53 million shares.
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