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Market
What will be Berkshire Hathaway's next significant investment move in the media sector by mid-2025?
2
Resolution / Starting Odds
Increase in Sirius XM stake • 25%
New investment in another media company • 25%
Reduction in media investments • 25%
No significant change • 25%
Regulatory filings and Berkshire Hathaway's public disclosures
Story
Warren Buffett's Berkshire Hathaway Buys $42M More Sirius XM Shares, Stake Now 32.5%
Oct 21, 2024, 01:16 PM
Warren Buffett, through Berkshire Hathaway, is significantly increasing his investment in Sirius XM. Recent regulatory filings reveal that Berkshire Hathaway has acquired an additional $42 million worth of Sirius XM shares, bringing its total stake to approximately 32.5%. This makes Berkshire the top holder of Sirius XM's publicly traded stock. Despite Sirius XM's shares being down roughly 50% year-to-date and trading at levels not seen since 2012, Buffett's firm has invested around $129 million in the company over the past month, adding to an existing $3 billion position.
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Increase in real estate • 25%
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Buy back Berkshire shares • 25%
Other • 25%
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Decrease of more than 10% • 25%
Decrease of 5-10% • 25%
No significant change • 25%
Increase • 25%
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Consumer Goods • 25%
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