Paramount shares jump about 14% after Buffett's Berkshire reveals new stake - CNBC


5/17/2022 12:00:00 AM2 years 11 months ago
by Hannah Miao

Berkshire bought 68.9 million shares of Paramount to build a stake worth $2.6 billion as of the end of March, according to a regulatory filing released Monday.

Shares of Paramount Global jumped Tuesday after Warren Buffett's Berkshire Hathaway revealed a new stake in the media company. The stock rallied 9.5% around 10:10 a.m. ET. Berkshire bought 68.9 mil… [+1196 chars]

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