Berkshire Hathaway takes $366 million stake in Charter

Photo Courtesy of Creative Commons
Warren Buffett | Courtesy of Creative Commons

Berkshire Hathaway Inc. disclosed it has taken a $366 million stake in Charter Communications Inc.

The investment in Charter was part of a “flurry of changes” in the second quarter for the firm run by famed investor Warren Buffett.

Charter, which formerly made its headquarters in the St. Louis area and still has a sizable presence there, saw its shares climb 2 percent in aftermarket trading following the report. An investment by Berkshire is seen as a vote of confidence from Buffett.

Read more from the St. Louis Business Journal

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