0
Video

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

Thank you for visiting Telecompaper

We hope you've enjoyed your free articles. Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

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.


Related

ILS launches Sirius FM-6 satellite for Sirius XM Radio

Published 28 Oct 2013 11:30 CET | World
International Launch Services (ILS) has launched Sirius FM-6 satellite, built by SSL, into orbit on an ILS Proton for ...

US court upholds Liberty ruling, Vivendi to appeal

Published 10 Jan 2013 09:44 CET | United States
A US district court has upheld a jury's decision last year order for Vivendi to pay Liberty Media EUR 765 million plus interest ...





16.9%
16.9% of Dutch mobile SIMs are with MVNOs
Netherlands  |  2017Q3

Calendar   /   Industry Events

21 Jan PTC'18
22 Jan ALE Connex18
23 Jan Com Hem Q4 2017
23 Jan Verizon Q4 2017
23 Jan Digi Q4 2017
23 Jan Logitech fiscal Q3
23 Jan Texas Instruments Q4 2017
24 Jan TE Connectivity fiscal Q1
24 Jan Comcast Q4 2017
24 Jan AudioCodes Q4 2017
25 Jan Intel Q4 2017
25 Jan Rogers Q4 2017
25 Jan Sky fiscal Q2
25 Jan Microsemi fiscal Q1
25 Jan STMicroelectronics Q4 2017
25 Jan 8x8 fiscal Q3
25 Jan Crown Castle Q4 2017
26 Jan Telia Q4 2017
28 Jan Saudi International Exhibition for Internet of Things 2018
29 Jan Sohu Q4 2017
29 Jan Grameenphone Q4 2017
29 Jan EMEA CTO Telecoms Forum
30 Jan Corning Q4 2017
30 Jan NEC fiscal Q3
30 Jan Dtac Q4 2017
30 Jan Juniper Networks Q4 2017
30 Jan NTT Docomo fiscal Q3
30 Jan Amdocs fiscal Q1
30 Jan FCC meeting
30 Jan Netia EGM
::: More Calendar Items