The Marked Chart Wire · Series of events
Series of events · Berkshire Hathaway
Berkshire adds tech and media stakes under new CEO
Berkshire Hathaway expanded its portfolio with new investments in Bending Spoons and Sirius XM following leadership changes.
Updated
The flow in 3 points
- Berkshire added $330 million to Bending Spoons stake
- Greg Abel reportedly bought Bending Spoons shares
- Berkshire bought 924,281 Sirius XM shares
What happened, in order
Times are Eastern-
Where it began
Bending Spoons stake grows
Berkshire Hathaway invested an additional $330 million in Bending Spoons, adding to a $600 million stake from its July Nasdaq debut.
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Abel buys Bending Spoons
Greg Abel reportedly spent $330 million to acquire a stake in Bending Spoons, making Berkshire a major shareholder in the tech company.
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Abel trades Amazon for IPO
Berkshire CEO Greg Abel reportedly sold Amazon stock earlier this year and began buying shares in a recent technology IPO.
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Latest
Sirius XM purchase
Berkshire Hathaway bought 924,281 Sirius XM shares for about $26.9 million, raising its total stake to 125.73 million shares.
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How they connect
Berkshire Hathaway increased its investment in Bending Spoons, with reports linking the purchase to CEO Greg Abel. The company also disclosed new purchases in Sirius XM and a shift away from Amazon stock.
The stocks in this series
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