Warren Buffett Beefs Up Stake in 21st Century Fox
The investor added $28.4 million worth of shares in the first quarter.
Billionaire investor Warren Buffett's Berkshire Hathaway added $28.4 million worth of shares in 21st Century Fox in the first quarter even while cutting its stake in several other media companies, according to regulatory filings.
Berkshire Hathaway sold $121.8 million in Charter Communications shares, $85.2 million in Viacom shares and $10.6 million in Liberty Global shares.
The giant investment conglomerate first bought into Rupert Murdoch's 21st Century Fox in the prior quarter by purchasing 4.75 million shares for about $160 million.