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Warren Buffett expands stake in Liberty SiriusXM
Warren Buffett increases his stake in Liberty SiriusXM again! Find out more about his stock purchase and the strategy behind it. Berkshire Hathaway increases stake. Arbitrage profit in view.
Warren Buffett expands stake in Liberty SiriusXM
Warren Buffett has again acquired shares in Liberty SiriusXM Group as his investment holding company, Berkshire Hathaway, acquired additional shares in the company in several steps. In April, Berkshire Liberty purchased over $116 million worth of SiriusXM Series A common stock. This added 4.3 million shares, bringing Berkshire's total holdings to 69,044,244 shares of Liberty SiriusXM Group.
There is speculation that Buffett may be playing an arbitrage game as he hopes for a positive business performance from his investment. In December 2023, the merger between Liberty SiriusXM Group and SiriusXM was announced, resulting in an increase in stock prices. Buffett could thus benefit from an arbitrage profit by exploiting the spread between the value of SiriusXM stock that Liberty SiriusXM shareholders receive and the current price of Liberty SiriusXM stock.
Although the discount offered by Liberty SiriusXM shares has now almost disappeared, Buffett remains optimistic and hopes for a positive development of his investment. Its strategy is based on long-term value growth and capitalizing on the difference between different company values. Berkshire Hathaway continues to rely on Liberty SiriusXM Group as part of its extensive portfolio.