Reported about 2 months ago
Warren Buffett's Berkshire Hathaway has raised its stake in Sirius XM Holdings to 32% by purchasing approximately 3.6 million shares for about $87 million. This move comes as Sirius XM experiences a recent stock price recovery, rising 8.7% to $27.10 amid ongoing financial restructuring after previous challenges post-merger. The company plans to enhance its subscription business and expand advertising opportunities while acquiring popular content like the 'Call Her Daddy' podcast.
Source: YAHOO