Berkshire Hathaway, led by Warren Buffett, has sold approximately one-third of its stake in VeriSign, an internet infrastructure and domain name registry company it has invested in since 2012. The sale involved 4.3 million shares priced between $285 and $290 per share, generating roughly $1.23 billion to $1.25 billion before taxes. This transaction reduces Berkshire Hathaway's ownership in VeriSign from 14.2% to 9.6%, bringing its stake below the 10% threshold to avoid additional regulatory disclosure requirements. The shares were sold through a secondary offering by Berkshire Hathaway affiliates at about a 7% discount to the previous trading day's closing price. Despite the sale, Berkshire Hathaway will retain around 9 million shares in VeriSign. VeriSign's stock has experienced a nearly 50% gain year-to-date. The company is noted for its recession-resistant services, with a return on equity of 25%, a payout ratio of 50%, and an 11% yield, trading at a price-to-earnings ratio of 4.8 times.