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May 15, 11:57 PM
Stocks
Business

Warren Buffett’s Berkshire Hathaway Sells $500 Million Stake, Exits Nubank; Thoma Bravo Divests Nasdaq Stake

Authors
  • Reuters
  • Folha de S.Paulo
  • exame
6

Berkshire Hathaway has sold its entire stake in Nubank, divesting approximately $500 million worth of shares, effectively ending its investment in the Brazilian digital bank. This move was confirmed by multiple sources, including CNNEconomia, Reuters, and BloombergLinea. In a related development, private equity firm Thoma Bravo has also divested its entire stake in Nasdaq, the U.S.-based exchange operator. The sale by Berkshire Hathaway reflects a strategic decision by Warren Buffett's investment firm amid ongoing market activities, including other notable transactions such as Marfrig's offer for BRF and disappointing results from Banco do Brasil. The S&P 500 index has recorded gains for four consecutive days during this period.

Written with ChatGPT (GPT-4).

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