Berkshire Hathaway Seeks Up to $1.25 Billion for VeriSign Stake

Berkshire Hathaway Inc. is selling about a third of its stake in VeriSign Inc., locking in a sizable gain since the Warren Buffett-led investment firm began building its stake in the domain name registry services company more than a decade ago.

Affiliates of Berkshire are offering the 4.3 million shares in the Reston, Virginia-based firm for $285 to $290 each, according to people familiar with the matter. The remaining shares beneficially owned by Berkshire will be subject to a one-year lockup, a statement Monday showed. The price range represents a discount of as much as 6.9% to Monday’s closing price, Bloomberg calculations show.