Thoughts On Liberty's Open Market Purchase Of Sirius At $2.13

By Spencer Osborne: The last few months have certainly been interesting if you are invested in Liberty Media (NASDAQ:LMCA) or Sirius XM Satellite Radio (NASDAQ:SIRI). The gears that were set into motion three years ago have finally made their full cycle turn and investors in both equities are trying to determine the outcome.

By Spencer Osborne: The drama surrounding Sirius XM Satellite Radio (NASDAQ:SIRI) has existed for years. From competition for content, auto partnerships, and the merger, to a near bankruptcy experience and bailout. If you have been invested in Sirius XM, you likely have several stories to tell.

By Spencer Osborne: If you are a retail investor holding stock in a company with substantial institutional ownership it can be a great thing. Sirius XM (SIRI) has been known as a retail investor's stock for years, mostly related to a low share price, but that dynamic is shifting to institutions

By Spencer Osborne: With headlines circulating today that it will be Liberty Media (NASDAQ:LMCA) that sees a premium in the battle for control of Sirius XM (NASDAQ:SIRI), and not the satellite radio provider, I felt it was time once again to address the issue.

By Crunching Numbers:Friday, July 6th, Liberty Media's (

By Spencer Osborne: Ever since Liberty Media (NASDAQ:LMCA) announced that they had entered into a forward contract last December for the purchase of 302 million shares of Sirius XM (NASDAQ:SIRI) at $2.15, there has been a lot of speculation surrounding who the forward contract is held with.

By Spencer Osborne: The drama between Sirius XM (SIRI) and Liberty Media (LMCA) continues with new developments happening faster than most writers can type. Tuesday, in their Q1 conference call Liberty made yet another announcement with regard to Sirius XM.

By Spencer Osborne: If you are invested in Sirius XM Satellite Radio (NASDAQ:SIRI) you are certainly aware of the newly developing drama surrounding a possible move by Liberty Media (NASDAQ:LMCA) to gain control of Sirius XM. However, there are many that are newer to this equity and might not be familiar with the long and sordid story.