Berkshire Hathaway acquires 37.4% stake in Sirius XM
BRK-A Berkshire Hathaway Inc
$875654.62 +2.60%
View chart & analysis → - 1Berkshire Hathaway's stock purchases between October 30 and November 3 totaled approximately $27 million.
- 2Sirius XM has signed a contract to become the exclusive advertising agency for Alphabet's YouTube audio advertising inventory in the United States.
- 3Deutsche Bank analysts estimate the partnership with Alphabet could generate an additional $2 billion in annual revenue for Sirius XM by 2029.
So what's the key point?
Berkshire Hathaway bought a large amount of Sirius XM stock. The company is expected to earn more money by partnering with Alphabet for its advertising business.
Source The Motley Fool +1 · View original ↗
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