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Subject: Billionaire Kerkorian Ups GM Stake To 9.9% Author: BIGSHOT [ Next Thread | Previous Thread | Next Message | Previous Message ] Date Posted: 21:43:40 01/25/06 Wed Billionaire Kerkorian Ups GM Stake To 9.9% Greg Levine, 01.25.06, 5:12 PM ET Kirk Kerkorian Tear Sheet Add to Tracker Most Popular Videos Top Topless Beaches Where We Want To Live In 2006 Seagate's Next Move The Gold Rush Move Over, Oscar Related Quotes DCX 55.53 + 0.69 GM 23.85 + 0.80 GM 23.85 + 0.80 Most Popular Stories The World's Best-Paid Young Celebrities Top Topless Beaches World's Tallest Towers 2006 Where We Want To Live In 2006 Dying at Work NEW YORK - More, more, more: The saucy 1970s anthem could be applied to Kirk Kerkorian's automotive buying habits. According to a Wednesday filing with the U.S. Securities and Exchange Commission, the mega-investor has again grabbed more shares in General Motors (nyse: GM - news - people ). Ranked No. 41 on the Forbes World's Richest People list, the billionaire financier has upped his stake in the Detroit automaker from 7.8% to 9.9%, the filing said. Via his holding company Tracinda, Kerkorian bought 5 million shares on the open market on Jan. 23 at an average price of $21.40 per share; and he made a private transaction for an additional 7 million shares, a deal slated to be cemented on Jan. 27. Tracinda forked over a total of some $262.8 million to buy the shares, according to the SEC document. Led by Chairman and Chief Executive G. Richard Wagoner Jr., GM is slated to post its fourth-quarter earnings on Thursday morning. Maybe Kerkorian, who seemed to have been taken unawares by the DaimlerChrysler (nyse: DCX - news - people ) "merger of equals," has divined something good about GM? On the New York Stock Exchange Wednesday, GM shares rose 80 cents to close at $23.85. And the stock wasn't done: After the bell, the shares rose another 24 cents to $24.09. [ Next Thread | Previous Thread | Next Message | Previous Message ]