0
Broadcast & Satellite

Liberty Media gains majority control of Sirius XM Radio

Friday 18 January 2013 | 21:54 CET | News
Liberty Media has announced it has gained majority control of the satellite-radio provider, Sirius XM Radio with its latest purchase of 50 million shares, according to Bloomberg. Liberty Media now owns 1.99 billion common shares and 1.29 billion convertible shares. If the converted stock is added to the outstanding shares of New York-based Sirius, Liberty Media owns about 50.5 percent. Liberty plans to take control of the Sirius board, putting it in position to choose a new chief executive officer, the article said. Liberty will consider returning capital to Sirius shareholders with stock buybacks or a dividend, Liberty Media CEO Greg Maffei said in November.

Categories: Broadcast & Satellite
Companies: Liberty Media / Sirius XM Radio
Countries: United States
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.






Image of brand
most important reason for buying iPad 4
Netherlands  |  2013 Q4

Calendar   /   Industry Events

23 Apr Texas Instruments Q1 2014
23 Apr Fortinet Q1 2014
23 Apr Infinera Q1 2014
23 Apr Apple Q2 FY14
23 Apr Motorola Solutions Q1 2014
23 Apr Facebook Q1 2014
23 Apr Ericsson Q1 2014
23 Apr Polycom Q1 2014
23 Apr Crown Castle Q1 2014
23 Apr TeliaSonera Q1 2014
23 Apr China SDN/NFV Conference 2014
24 Apr Mobistar Q1 2014
24 Apr Amazon.com Q1 2014
24 Apr Netgear Q1 2014
24 Apr Freescale Semiconductor Q1 2014
24 Apr Sequans Q1 2014
24 Apr Millicom Q1 2014
24 Apr Broadcom Q1 2014
24 Apr Time Warner Cable Q1 2014
24 Apr Sonus Networks Q1 2014
24 Apr Verisign Q1 2014
24 Apr Microsoft fiscal Q3
24 Apr Bharti Infratel Q4 2013-14
24 Apr Shoretel fiscal Q3
24 Apr Mail.ru Q1 2014
24 Apr Internap Q1 2014
24 Apr MTN Q1 2014
24 Apr AltiGen Communications fiscal Q2
24 Apr Verizon Q1 2014
24 Apr Telecoms Fraud Management and Revenue Assurance World Summit 2014
::: More Calendar Items