Warren Buffett Says He Has Sold All Of His Paramount Global Stock, Losing “Quite A Bit Of Money”

Warren Buffett disclosed at the Berkshire Hathaway annual meeting that he has sold all his shares in Paramount Global at a significant loss, attributing the decision solely to himself. Despite initial optimism when he acquired the stake in 2022, Buffett acknowledged a substantial financial setback from the investment. Meanwhile, Paramount is amidst merger talks with Skydance Media, facing opposition from Class B shareholders and an alternative proposal from Sony and Apollo.