From CNBC: 2024-10-14 13:06:12

Warren Buffett meets with Berkshire Hathaway shareholders ahead of their annual meeting in Omaha. Berkshire increases stake in SiriusXM to 32%, purchasing 3.6 million shares for $87 million. The move follows John Malone’s Liberty Media deal. SiriusXM is struggling, with only 5 out of 14 analysts giving buy ratings and stock down 50% this year. Buffett reflects on past failed media investment in Paramount Global.

Read more: Warren Buffett’s Berkshire Hathaway hikes SiriusXM stake to 32%