Warren Buffett's Berkshire Hathaway increases stake in Sirius XM to 35%

From CNBC: 2025-02-04 08:36:55

Warren Buffett engages with Berkshire Hathaway shareholders before annual meeting. Berkshire Hathaway increases stake in Sirius XM to over 35% with purchase of 2.3 million shares for $54 million, now owning 35.4%. Likely merger arbitrage play after Liberty Media deal. SiriusXM shares down 58% in 2024, not favored on Wall Street.

Read more: Warren Buffett’s Berkshire Hathaway scoops up more Sirius XM, boosting stake to 35%