Reported about 2 months ago
Warren Buffett's Berkshire Hathaway has significantly increased its stake in Sirius XM Holdings, accumulating 132.9 million shares, up from 36.7 million just three months prior. Despite Sirius XM's recent financial struggles and declining stock performance, Buffett's investment suggests he sees potential value in the satellite radio provider, which still maintains a solid subscriber base and profitability. Analysts speculate on the reasons behind Buffett's decision, considering the stock's low valuation and Sirius XM's ongoing efforts to innovate in a competitive market.
Source: YAHOO