Berkshire Hathaway, billionaire Warren Buffett’s investment vehicle, beefed up its media holdings in the fourth quarter by taking a stake in 21st Century Fox [fortune-stock symbol=”FOX”].
In a quarterly filing with the Securities and Exchange Commission Tuesday, Berkshire revealed that it bought 4.7 million shares of the Rupert Murdoch-run company during the fourth quarter. The company was formed as the result of the 2013 split of News Corp.’s publishing and mass media businesses and, last year, Murdoch used it to make an unsuccessful run at buying rival Time Warner [fortune-stock symbol=”TWX”].
Berkshire’s addition of the Fox stake follows last year’s investment in cable television provider Charter Communications [fortune-stock symbol=”CHTR”]. The firm first revealed its investment in Charter last summer and Tuesday’s filing showed that Berkshire increased its stake in the cable provider from nearly 5 million shares to 6.2 million during the fourth quarter. The firm also raised its stakes…
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