Berkshire Hathaway Acquires $60.7M in Sirius XM Over Three Days, Boosts Stake to 33.2%

Nov 1, 2024, 03:08 AM

Warren Buffett's Berkshire Hathaway has significantly increased its stake in Sirius XM Holdings Inc. The investment firm acquired $60.7 million in Sirius XM shares over three days, bringing its total investment in October to approximately $190 million. This purchase boosts Berkshire Hathaway's ownership to 33.2% of Sirius XM's outstanding shares. The move comes amid Sirius XM's subscriber growth initiatives and follows Liberty Media's decision to split off its 83% stake in the company.