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    Sirius Investors: New 45.2% Liberty Stake Is Good News

    Mon, 05/14/2012 - 16:08 EDT - Seeking Alpha
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    • SIRI

    By Income Hunter:Sirius XM (SIRI) stock might get a slight bump in value in the next few weeks because John Malone of Liberty Media (LMCA) appears to be buying up a lot of it. The Los Angeles Times reported that Malone's company now owns over 45% of Sirius. The paper reported that Liberty had managed to buy up at least 45.2% of Sirius's stock by May 8. Mr. Malone has been trying to get control of Sirius for quite some time. Last week, the Federal Communications Commission (FCC) stopped his previous effort by saying that Liberty needs to own at least 51% of Sirius to be able to take over the satellite radio network's licenses. Since he's been rebuffed by the FCC, Malone is trying to take control of Sirius the old fashioned way, by buying it. Liberty can make another request to the FCC to take over Sirius's licenses on JuneComplete Story »

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    Related

    • Sirius Could Jump 15% On Malone Buying Spree

      By Dividend Kings:The Federal Communications Commission (FCC) told John Malone he needs to buy a lot more Sirius XM (SIRI) stock if he wants to take over the radio network, Reuters reported.

    • What Malone's Plans Mean For Sirius Investors

      By Income Hunter:Sirius XM (SIRI) will still be an independent company if and when Liberty Media (LMCA) gets control of it.

    • John Malone And FCC Chairman Discuss Sirius XM Over Dinner

      By Stephen Faulkner:Investors in both Sirius XM (SIRI) and Liberty Media (LMCA) should be well aware of what is an ongoing battle for control of Sirius XM. In the middle? The FCC, which has the ultimate say on whether or not Liberty Media is allowed to take de facto control of the satellite radio company.

    • 2 Tech Giants Outpacing Sirius

      By Stock Croc:Sirius XM's (SIRI) largest stockholder, Liberty Media (LMCA), appears to be laying the groundwork for a hostile takeover of the satellite radio company. Liberty has filed paperwork with the Federal Communications Commission (FCC) that seems to indicate that it wants to take control of Sirius XM's licenses.

    • Some Sirius XM Investors Just Don't Get It

      By Crunching Numbers:Some Sirius XM Radio (SIRI) investors still refuse to grasp some of the risks surrounding their investment. They look at Liberty Media (LMCA) buying more than 600 million shares of Sirius XM and seeking permission from the FCC to go to de jure of the company.

    • FCC Bends, Liberty Media's Application For De Jure Control Open For Comment: Good News For Sirius Bulls

      By Little Apple:The FCC has finally decided to put Liberty Media's (LMCA) application for de jure control of Sirius XM (SIRI) up for public notice.

    • Memo To John Malone: You Cannot Save Sirius XM Radio

      By Kofi Bofah:In 2009, billionaire John Malone and his Liberty Media Corporation (LMCA) negotiated a sweetheart deal in hopes to save Sirius XM (SIRI) from inevitable bankruptcy. At the time, Mel Karmazin, Sirius CEO, was warding off anxious creditors at the same time that his stock traded for pennies on the dollar.

    • Sirius: Will Malone's Actions Propel Stock Higher?

      By Cris Frangold: What a nail biter it has been in recent weeks for Sirius (SIRI) investors and stock watchers, as they follow every move in the chess game being played out between Sirius' chief executive, Mel Karmazin, and John Malone, the billionaire owner of Liberty Media.

    • Sirius XM: Does This Cheap Stock Have Potential?

      By Cris Frangold: Sirius XM Radio (SIRI) may not be the great value play that some investors think it is, but it's certainly an idea worth entertaining.

    • Liberty Media Makes A Move To Take Control Of Sirius XM

      By Little Apple:An FCC application on March 20 may be the beginning of a long fight to take over Sirius XM (SIRI) by Liberty Media (LMCA). On the surface it looks like a Liberty fishing expedition. And it looks like a lot of investors are thinking that, listening to the chatter on the street.

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