23 May '13, 2pm

Warren Buffet's Berkshire Hathaway Now Owns Over 5% Of Verisign: Back In February we told you that Warren Buff...

Warren Buffet’s Berkshire Hathaway Now Owns Over 5% Of Verisign 2013 May 23 by Michael Berkens Follow @TheDomains Back In February we told you that Warren Buffets’s Berkshire Hathaway purchased 3,685,700 shares of Verisign (VRSN ) which at the time of acquisition represented an investment of around $165 Million dollars. Today according to Cnbc.com , Berkshire Hathaway added another 4.49 million shares last quarter and now owns 5.35% of VeriSign. “”While the introduction of a new category of “top level domains” (such as .aero for aviation businesses or .mobi for mobile websites) does increase the competition faced by VeriSign, the new naming options aren’t likely to steal share from the dot-com domains. ” “Instead, firms are likely to just register both names.” “VeriSign’s exclusive contracts with ICANN offer an attractive economic moat for the firm. “Because increases in r...

Full article: http://www.thedomains.com/2013/05/23/warren-buffets-berks...

Tweets