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Tags: Warren Buffett | Rupert Murdoch | 21st Century Fox | Invest

Warren Buffett Invests in Murdoch's 21st Century Fox

Wednesday, 18 February 2015 06:49 AM


Warren Buffett has given a vote of confidence to Rupert Murdoch, taking a small stake in 21st Century Fox.

Buffett's Berkshire Hathaway has bought up about 4.75 million shares of Fox during the fourth quarter of 2014, according to an SEC filing Tuesday. The Class A shares were valued at about $181 million as of Dec. 31.

21st Century Fox had no comment on the Berkshire purchase. The Nebraska-based Buffett is known as the "Oracle of Omaha" for his skill at picking stocks for his Berkshire portfolio.

The filing, which disclosed Berkshire's stock holdings as of the end of 2014, shows that the company has positions in a smattering of media companies, including Charter Communications, DirecTV, Liberty Media and Liberty Global, station owner Media General and Viacom.

Berkshire's largest media investment at present appears to be in DirecTV, with more than 31 million shares valued at more than $2.5 billion. That means Berkshire is poised to profit handsomely from the satcaster's pending $50 billion merger with AT&T, assuming it is cleared by regulators.

© 2021 Thomson/Reuters. All rights reserved.


Finance
Warren Buffett has given a vote of confidence to Rupert Murdoch, taking a small stake in 21st Century Fox.
Warren Buffett, Rupert Murdoch, 21st Century Fox, Invest
173
2015-49-18
Wednesday, 18 February 2015 06:49 AM
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