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Warren Buffett Just Sold His Entire Stake in Paramount

The billionaire investor has been a major shareholder in Paramount for over two years.

Warren Buffett's Berkshire Hathaway has sold its entire stake in Paramount, the media conglomerate that owns CBS, MTV, and Nickelodeon. The sale was disclosed in a regulatory filing on Saturday. Berkshire Hathaway had been a major shareholder in Paramount for over two years, and its stake was worth about $16 billion at the time of the sale.

The sale comes as Paramount is facing a number of challenges, including the loss of its CEO and the end of its exclusive merger talks with ViacomCBS. The company's stock has also been under pressure in recent months, and it is currently trading at its lowest level since Buffett first invested in the company.

It is not clear why Buffett decided to sell his stake in Paramount. However, the sale is a sign that he is losing confidence in the company's future. Buffett is known for his long-term investment horizon, and he typically only sells stocks when he believes that they are overvalued or that the company's fundamentals have changed. The sale of his Paramount stake is a major development, and it will be closely watched by investors.