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  • EXCLUSIVE

Who Swapped Shares of Sirius XM With Liberty Media? It Turns Out to Be Warren Buffett’s Berkshire Hathaway.


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Warren Buffett and media mogul John Malone are both skilled in the art of tax-efficient transactions and they showed it again this week — with each other.

Buffett’s Berkshire Hathaway (ticker: BRK.B) and Malone’s Liberty Media did a stock swap involving shares of Sirius XM Holdings (SIRI), the satellite radio company, and Liberty SiriusXM Group (LSXMA), in a move that could provide significant financial and tax benefits for Liberty Media.

Berkshire...