Warren Buffett Says Farewell to the Washington Post in £737m Sell-Off Deal

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By: Roy Greenslade | The Guardian

Warren Buffett is to end his 40-year relationship with the Washington Post. The US billionaire investor’s company, Berkshire Hathaway, has agreed to give back the bulk of its 28% ownership stake in Graham Holdings, the Post’s former parent. In return, he will get Graham’s Miami-based television station, Berkshire shares held by Graham and £197m in cash.

The details of the swap, found in documents filed with the US Securities and Exchange Commission, suggest the total deal amounts to about £737m.

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