Tech Insider
Warren Buffett, Chairman and CEO of Berkshire Hathaway, makes his way to a morning session at the Allen & Company Sun Valley Conference on July 13, 2023 in Sun Valley, Idaho.
Warren Buffett says he lost "quite a bit" of money on Berkshire Hathaway's investment in Paramount.

Kevin Dietsch/Getty Images

  • Famed investor Warren Buffett's Berkshire Hathaway placed a $2.7 billion bet on Paramount in 2022.
  • It hasn't worked, at all — Buffett just said he has sold all his stock and lost "quite a bit of money."
  • Let's do some math to figure out what that means.

What's going to happen to Paramount, the once-mighty media conglomerate?

Tags
Media, finance, Paramount, berkshire-hathaway, warren-buffett, warren-buffett-ceo, berkshire-hathaway-shareholders
Source
Why Warren Buffett's Paramount bet may have cost him $1.5 billion