Particle.news
Download on the App Store
3 ARTICLES
·
last yr.

Berkshire Hathaway Acquires Additional Liberty SiriusXM Shares

The purchase aims to leverage the discount of Liberty Sirius relative to its stake in Sirius XM Holdings.

Image
Liberty Media now holds a roughly 82% stake in Sirius XM Holdings through the tracking stock.

Overview

  • Berkshire Hathaway has purchased an additional 2.8 million shares of Liberty SiriusXM tracking stock.
  • The purchase is seen as an attempt to capitalize on Liberty Sirius' discount relative to the value of its stake in Sirius XM Holdings.