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Top related persons:
Warren Buffett - 1 Warren Buffett's Berkshire Hathaway - 1 John Malone's - 1 Ted Weschler - 1 Todd Combs - 1 Sebastiano Petti - 1
Top related locs:
Omaha , Nebraska SiriusXM York The Omaha , Nebraska
Top related orgs:
Berkshire Hathaway - 1 Securities and Exchange Commission - 1 Berkshire - 1 John Malone's Liberty Media - 1 Atlanta Braves - 1 Liberty - 1 JPMorgan - 1

Search resuls for: "John Malone's Liberty Media"


2 mentions found


☆ Warren Buffett's Berkshire Hathaway hikes its SiriusXM stake to 32% after Liberty deal
  + stars: | 2024-10-14 | by ( Yun Li | ) www.cnbc.com   time to read: +2 min
Warren Buffett walks the floor and meets with Berkshire Hathaway shareholders ahead of their annual meeting in Omaha, Nebraska on May 3rd, 2024. Warren Buffett's Berkshire Hathaway continued to increase its stake in SiriusXM , now owning 32% of the New York-based satellite radio company. Berkshire hiked its bet after billionaire John Malone's Liberty Media completed its deal in early September to combine its tracking stocks with the rest of the audio entertainment company. Buffett's firm first bought Liberty Media's trackers in 2016 and started piling into SiriusXM's tracking stocks in the beginning of 2024 after the deal announcement in a likely merger arbitrage play. Meanwhile, the Liberty transaction, which reduced share count by 12%, could cause the company to pause stock buybacks until 2027, which will likely weigh on shares, the analyst said.
Persons: Warren Buffett, Warren Buffett's Berkshire Hathaway, John Malone's, Ted Weschler, Todd Combs, Sebastiano Petti Organizations: Berkshire Hathaway, Securities and Exchange Commission, Berkshire, John Malone's Liberty Media, Atlanta Braves, Liberty, JPMorgan Locations: Omaha , Nebraska, SiriusXM, York, The Omaha , Nebraska
☆ SiriusXM cuts 8% of its workforce as part of a broader reorganization
  + stars: | 2023-03-06 | by ( Lillian Rizzo | ) www.cnbc.com   time to read: +6 min
"We are entering into a new phase for our Company," CEO Jennifer Witz said in an email to employees on Monday. In November, the CEO had told the company that as part of their 2023 plans there would be a review of the company. "However, today's decision to reduce our workforce was required in order for us to maintain a sustainably profitable company," Witz said. After a review of our business, we have made the decision to reduce the size of our workforce by 475 roles, or 8%. However, today's decision to reduce our workforce was required in order for us to maintain a sustainably profitable company.
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