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- 02-11-2009 07:05 PM #1
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Sirius XM Holds Talks With Liberty Media
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From Dealbook:
Liberty Media, the media company controlled by John C. Malone, is in preliminary talks with the satellite radio giant Sirius XM Radio, people briefed on the negotiations told DealBook.
A deal between Liberty and Sirius XM could throw a wrench in takeover plans by EchoStar, the television satellite company that has been acquiring Sirius XM’s debt.
The high drama comes at a critical time for Sirius XM, which faces $175 million in debt payments that will come due on Feb. 17. The company is unlikely to be able to meet those obligations.
Sirius XM Holds Talks With Liberty Media - DealBook Blog - NYTimes.com
- 02-11-2009 07:05 PM # ADS
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- 02-11-2009 07:13 PM #2
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- Jul 20th, 2005
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Gets ever more interesting.
Reunite Pangaea!
- 02-11-2009 07:26 PM #3
SatelliteGuys Regular
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Just saw a news flash on cnbc that mel was talking with direct also
- 02-11-2009 07:31 PM #4
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Here's another twist
Sirius XM Got, and Rebuffed, Bid - WSJ.com
- 02-11-2009 07:31 PM #5
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Liberty media = directv
Originally Posted by DefDude 
Just saw a news flash on cnbc that mel was talking with direct also
- 02-11-2009 07:33 PM #6
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It's the merger hype all over again.
- 02-11-2009 07:36 PM #7
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Proud Staff MemberNah, this is more like search-n-rescue. Sirius XM is out of money, the stock closed today at a nickel, yes, 5 cents. Originally Posted by JonE
They owe $175M next Tuesday that they can't aford, and unless someone buys them, or majorly invests cash, they will end up in bankruptcy next week.
- 02-11-2009 07:46 PM #8
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Who do they owe all this money too?
My System:
Diish Network- 2 Dish 500's (110, 119, 61.5), ViP 612 & Vip 222
Switched to Dish Network from Directv on 9/25/09 & Best Move I have ever made!
- 02-11-2009 07:49 PM #9
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Charlie owns a lot of it now... Originally Posted by sundude90
- 02-11-2009 08:48 PM #10
Here to Help YOU!
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Mel is no dummy. He is now trying to get more by pitting Dish -vs- DirecTV and it could work in his favor or backfire on him.
As I said the other day the next week is going to be very interesting to watch.
I just hope whoever gets it breaths life back into it again so that Satellite Radio is once again a premium service worth paying for again.Scott
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