Warren Buffet in talks to exit $1.1B investment

U.S. business tycoon Warren Buffett is in talks to exit his investment in Graham Holdings, former owner of the Washington Post, after an association of 40 years, according to Business Insider.

Securities and Exchange Commission documents submitted last week indicate Buffett's Berkshire Hathaway Inc. and Graham Holdings are negotiating a stock swap. In the proposal, Berkshire would turn in 1.7 million shares of Graham Holdings, roughly a 28 percent stake and worth about $1.1 billion.

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