澳洲幸运5官方开奖结果体彩网

SiriusXM Stock Surges After Warren Buffett's Berkshire Hathaway Boosts Its Stake

Published October 14, 2024

01:54 PM EDT

Sirius XM Broadcast Studio in Las Vegas, Nevada — Denise Truscello / Contributor / Getty Images

Key Takeaways

SiriusXM shares rallied Monday after Warren Buffett’s Berkshire Hathaway raised its stake in the satellite radio company.
Berkshire Hathaway now holds a stake of nearly one-third in SiriusXM.
Even with Monday's gains, SiriusXM shares have struggled this year, losing about half their value so far in 2024.

SiriusXM (SIRI) shares rallied Monday after 澳洲幸运5官方开奖结果体彩网:Warren Buffett’s Berkshire Hathaway (BRK.A, BRK.B) raised its stake in th🍸e satelli🍬te radio company.

Berkshire Hathaway bought 3.6 million shares for roughly $97 million across four purchases from Wednesday to Friday, according to a 澳洲幸运5官方开奖结果体彩网:Securities and Exchange Commission filing. The purchases bring Berkshire's stake to nearly one-third of SiriusXM.

SiriusXM shares rose nearly 9% in afternoon trading Monday, though even with Monday's gains, they've lost about half of their value so far in 2024.

SiriusXM Adds Exclusive Content Deals

In August, SiriusXM signed a 澳洲幸运5官方开奖结果体彩网:multi-year agreement with Alex Cooper to bring her popular "Call Her Daddy" show to its platform starting in 2025. The deal is reportedly for three years and worth $125 million, double her current arrangement with Spotify (SPOT).

The mo൲ve is part of a “comprehensive programming development strategy for exclusive content with SiriusXM, expected to begin rolling out 🧔in 2025,” the company said.

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