> Warren Buffett Blog: Berkshire to reduce stake in Graham Holdings

Monday, February 17, 2014

Berkshire to reduce stake in Graham Holdings

According to a Berkshire Hathaway filing Warren Buffett could reduce his 23.4 percent stake in Graham Holdings. In exchange, Graham Holdings would spin off some portion of its assets — which include lucrative broadcast television and cable subsidiaries as well as the for-profit Kaplan education business — into a new unit that would be owned by Buffett’s Berkshire.

Warren Buffett would also receive cash and the relatively small number of Berkshire Hathaway shares, worth about $3 million, owned by Graham Holdings.