Buffet's company has increased it shares in DTV over the last two quarters from 23 million shares to 29 million shares. That is small potatoes for the kind of cash Berkshire is sitting on. They only bought about 1/3 of a billion dollars over the last two quarters. That is only $1.5 billion dollars. That is not a buy out it is an investment for appreciation.
This week an analyst up the price over the next year to $70+. This is the reason Berkshire Hathaway has been buying shares at $45-50 per share.
Berkshire owns 5% of the company. Before they ever make a buy of the entire thing they would up their share count to 10% or more and that has not happened yet. If we see them take another 5% during the next 12 months and then another 5% in the next 12 months, then the reality of a Berkshire acquisition might be in the cards. DTV likes to acquire businesses in their entirety that have big moat around them against additional competition. That is not the case with DTV. It has plenty of competition in the U.S. In South America it also has competition but less than it the U.S.
So I see Berkshire as an investor only that buys shares when they think the shares are under priced which has been the case.
I said DTV likes to buy entire businesses. I meant Warren Buffet and Berkshire like to acquire entire businesses when they have little outside competition in their sector or area, otherwise they merely take small investments for Berkshire, which might total 5% of total capitalization of the entity, which appears to be the case with their investment in DTV.