It was recently announced that AT&T (NYSE:T) plans to buy DirecTV (NASDAQ: DTV) for $48.5 million plus the assumption of their debt. As DirecTV's largest shareholder, Berkshire Hathaway (NYSE:BRK.A) owns about 34.5 million shares, for which they'll be compensated a total of $95 per share.
They'll receive $28.50 per share in cash, for a total of just under $1 billion, plus the balance $66.50 in AT&T stock, which as of this writing translates to approximately 63.7 million shares worth $2.3 billion. Not a bad return when you consider most of their original investment was acquired for less than $43 per share in 2011.
Whether or not Berkshire will decide to keep its AT&T stake remains to be seen, but whether they sell those shares or not, the one certainty is they will have a new chunk of cash to put to work. Here are a few great values in the market Berkshire could use to fill the void left by DirecTV.