Buffett gets more serious on Sirius with 33% stake

Buffett gets more serious on Sirius with 33% stake
Berkshire Hathaway is now the satellite radio firm’s biggest shareholder.
NOV 01, 2024
By  Bloomberg

by Alexandre Rajbhandari

Warren Buffett’s Berkshire Hathaway Inc. continues adding to his stake in satellite-radio broadcaster Sirius XM Holdings Inc.

The conglomerate acquired $60.7 million of shares over three days through Thursday, according to a regulatory filing. It now owns 33.2% of the outstanding shares of Sirius XM, which also owns the Pandora music-streaming platform.

Berkshire became Sirius XM’s biggest investor last month as John Malone’s Liberty Media split off its 83% stake and combined it with a separate tracking stock in the broadcaster, of which Berkshire had been the largest holder.

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