Warren Buffett has taken an interest in another billionaire’s business: Rupert Murdoch’s 21st Century Fox.
Buffett picked up a new stake in 21st Century Fox at the end of last year, according to an SEC filing released Tuesday that shows the holdings of Buffett’s company Berkshire Hathaway.
He bought 4.7 million shares in the company. At Tuesday’s closing price, the stake is worth about $161 million.
Buffett dumped his stakes in oil companies Exxon Mobil and ConocoPhillips, at a time when oil prices plunged dramatically.
But he didn’t pull out of the oil market all together. He still owns shares of Phillips 66, one of the largest refiners in the U.S., and Canada’s Suncor Energy.