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Paramount Global Sees Boost In Shares

Paramount Global has seen a boost in shares following Warren Buffett’s Berkshire Hathaway revealed it’s increased stake in the company, according to CNBC.

Within public filings issued on Monday, Berkshire Hathaway says it now owns more than 91 million shares in Paramount, after making a new stake back in May. Paramount’s stock closed more than 5% up at $19.44 on Tuesday.

Berkshire is now the largest outside investor of Paramount’s class B shares at around 15%, or worth about $1.7 billion.

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