Berkshire Hathaway increases stake in Sirius XM amid merger with Liberty Media's tracking stock.

Warren Buffett's Berkshire Hathaway has significantly increased its stake in Sirius XM, a unique case of a reverse stock split, as the satellite-radio operator is not in danger of delisting. Sirius XM is merging with Liberty Media's Sirius XM tracking stock, creating a single class of outstanding shares. Buffett's investment highlights the company's unique advantages, such as being the only licensed satellite-radio operator and different revenue generation methods, offering exceptional subscription pricing power.

August 18, 2024
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