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☆ Warren Buffett's Berkshire Hathaway keeps buying Liberty's SiriusXM tracking shares. Here's why
▼ + stars: | 2024-01-28 | by ( Yun Li | ) www.cnbc.com time to read: +4 min

Berkshire Hathaway continued to buy Liberty Media's tracking stock for New York-based satellite radio company SiriusXM in a likely merger arbitrage play. Billionaire John Malone's media conglomerate currently owns 84% of Sirius XM and has two tracking stocks that represent that stake in the streaming satellite music service — Liberty Media Corp. Series A shares, or LSXMA , and Liberty Media Corp. Series C shares, or LSXMK . Under the terms of the deal, expected to close early in the third quarter, each Liberty Media Sirius tracking share will be exchanged for 8.4 "new" SIRI shares, while "old" SIRI shareholders would receive new shares in a one-for-one exchange. Berkshire loading up In the past week, Warren Buffett's conglomerate added 438,945 shares of LSXMA and 1 million shares of LSXMK for nearly $45 million combined, according to regulatory filings . Berkshire first bought LSXMK in 2016 and now owns almost 22% of the tracking stock, according to FactSet.

Persons: Berkshire Hathaway, John, SIRI, Warren, Buffett, Ted Weschler, Todd Combs, Seth Klarman's Baupost, SIRI overvalued, Wells, Steven Cahall, Cahall, Jason Bazinet, Charlie Munger, Charlie, hasn't Organizations: Berkshire, Liberty, Sirius XM, — Liberty Media Corp, Liberty Media Corp, Nasdaq, Liberty Media, Liberty Media Sirius, Sirius XM Holdings, Sirius, Citigroup, Activision Blizzard, British Columbia Power, Monsanto, Bayer AG, IBM Locations: New York, Berkshire, LSXMA, LSXMK, Omaha

☆ These 3 stocks could rally by another 50%, analysts say, despite big jumps this year
▼ + stars: | 2023-12-05 | by ( Ganesh Rao | ) www.cnbc.com time to read: +4 min

Three stocks — Liberty Broadband , U.K.'s BT Group and JD Sports Fashion — have risen by double-digit percentages this year. Liberty Broadband Liberty Broadband is a telecommunication holding company that has an ownership interest in Charter Communications, the second-largest cable operator in the United States. The consensus price target of analysts polled by FactSet points to a 55% upside potential for Liberty Broadband shares from the current share price of $82. Deutsche Bank views Liberty Broadband as an attractive way to invest in Charter, estimating it trades at a 32% discount to net asset value (NAV). BT.A-GB YTD line Their price target of 220 pence implies an additional 79% share price increase over the next year from the current share price of 123 pence.

Persons: FactSet, Bryan Kraft, Benjamin Soff, Morgan Stanley, Openreach, Terence Tsui, Kate Calvert, Calvert, JD, Michael Bloom Organizations: Liberty Broadband, BT Group, JD, Wall, CNBC Pro, CNBC Pro Stock, Liberty Broadband Liberty Broadband, Charter Communications, Deutsche Bank, CHTR, BT, JD Sports, North America, Dick's Sporting Goods Locations: United States, Alaska, U.K, BT.A, Europe, North, Derby, Heerlen, Netherlands, U.S

☆ Biden Pardons Turkeys in Annual Thanksgiving Tradition
▼ + stars: | 2023-11-20 | by ( The Associated Press | ) www.nytimes.com time to read: 1 min

I hereby pardon Liberty and Bell. Even though Liberty and Bell are from Minnesota, they’re named for a famous Liberty Bell in Philadelphia and Pennsylvania. These birds have a new appreciation for the word, “let freedom ring.” So I’m told by the Turkey Federation and the Liberty Bell — Liberty and Bell — they love honeycrisp apples. Ice hockey. I sure as hell would like to see them play ice hockey.

Persons: I’m, Liberty, Bell, they’re Organizations: Bell, Liberty Bell, Turkey Federation, Liberty Locations: Liberty, Minnesota, Philadelphia and Pennsylvania, America

The two Thanksgiving turkeys were due at the White House on Monday to play their part in what has become an annual holiday tradition: a president sparing them from becoming someone's dinner. President Joe Biden, the oldest president in U.S. history, also was celebrating his 81st birthday on Monday. Political Cartoons View All 1256 ImagesLykken introduced Liberty and Bell on Sunday at the Willard Intercontinental, a luxury hotel close to the White House. A little over 200 million turkeys will be eaten on Thanksgiving, Lykken said. Biden will eat his Thanksgiving turkey with family on Nantucket, a Massachusetts island, continuing a long family tradition.

Persons: Bell, “, ” Steve Lykken, Jennie, Joe Biden, Jill Biden, ” Lykken, —, “ gobble, gobble, hoopla, Taylor Swift, Harry Truman, George H.W, Bush, he’s, ”, Biden, Lykken, Dwight D, Eisenhower, Gerald R, Ford, Markus Platzer, Willard, ” Platzer Organizations: WASHINGTON, —, White, National Turkey Federation, Associated Press, Bell, Willard, Liberty, University of Minnesota's College of Food, Natural Resources Sciences, Norfolk Naval Locations: — Liberty, Turkey, Washington, Fleetwood , North Carolina, Liberty, U.S, Minnesota, Willmar , Minnesota, Nantucket, Massachusetts, Virginia

LYNCHBURG, Va. (AP) — Liberty University failed to warn its Virginia campus community about safety threats, including from individuals accused of sexual violence, and systematically underreported crime statistics, according to a Washington Post report on the preliminary findings of a long-running federal investigation. Political Cartoons View All 1196 ImagesLiberty repeatedly violated a law known as the Clery Act, according to the preliminary report. The federal law requires colleges and universities that receive federal funding to disseminate an annual security report to employees and students. The litigation was filed under under Title IX, the federal law that protects against sex discrimination in education and often overlaps with Clery. The women alleged that Liberty’s strict honor code made it “difficult or impossible” for students to report sexual violence.

Persons: Larry Nassar, Dondi Costin, Jerry Falwell, Liberty, Jerry Falwell Jr, Falwell Organizations: — Liberty University, Washington Post, Christian, U.S . Education, Liberty, Department of Education, Associated Press, Michigan State, Education Department, “ Liberty University, Clery Locations: LYNCHBURG, Va, Virginia, USA, Michigan, Lynchburg

☆ GOP Insider readers: Dump Trump!
▼ + stars: | 2022-11-11 | by ( Kayla Gallagher | ) www.businessinsider.com time to read: +26 min

Insider asked its Republican readers to send in their thoughts on Donald Trump following the GOP's dismal midterm performance. Subscribers to Insider's newsletter were asked two questions: Do you agree with the GOP insiders who blame Trump? Andrew Lichtenstein/Corbis via Getty Image— Joe S.I don't blame Trump per se. Olivier Douliery/AFP via Getty Images— Julia T.I think Trump, DeSantis AND the GOP are EXTREMELY dangerous for our Democracy. The Republican Party needs to get away from the extremists in the party or the Republican Party will no longer exist.

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