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Thread: Sirius XM / Liberty Reach Deal
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- 02-17-2009 10:50 AM #11
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Charlie goes off to the bank with Millions of dollars of Liberty's money.
Originally Posted by fredp 
Charlie paid about $.20 on the dollar for the debt. He gets paid the full face value of the Debt. Charlie get a big fat payday today.
Like I had said before it is a WIN WIN for Charlie.
- 02-17-2009 10:50 AM # ADS
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- 02-17-2009 10:51 AM #12
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That would make me laugh. Charlie gets the profits from Malone once the check clears, puts the money in the bank. Then Charlie uses said money to buy out Sirius XM outright come the end of the year, thanks to Malone.
- 02-17-2009 11:10 AM #13
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How does Fox figure into this? They have no stake in D* anymore. Originally Posted by ChiefIlliniwek
Anyway, I kind of doubt D* is going to make a major investment in Sirius XM now just to let Charlie take it over later. D* now has a major ownership stake in Sirius XM and they could buy just a little more of the stock and take it over completely if they falter further.
- 02-17-2009 11:17 AM #14
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Sirius XM is a company that is sick and needs to go bankrupt to have any hope of long term survival. Maybe it was just ahead of its time, but I never thought it was a viable business and events over the past two years are baring that out.
- 02-17-2009 11:28 AM #15
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The real successors in this deal is the I.R.S.? After, paying capital gains it won't amount to as much.
If you are a Scouser, please leave this forum now, as it is too intelligent for you.
Why does the river Mersey run through Liverpool?
Because if it walked, it would get mugged.
- 02-17-2009 11:36 AM #16
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Sirius got their debt due at the end of the year pushed off for 2 years. Originally Posted by dmendenjr
Looks like smooth sailing now.
Scott
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- 02-17-2009 11:39 AM #17
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More than you or I will likely see in our lifetimes. Originally Posted by mruk69
Anyway, I guess it's safe to renew now.Reunite Pangaea!
- 02-17-2009 11:43 AM #18
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So does this mean we get our free streaming back?????
Any posts on this forum are my personal thoughts and do not represent the views or reflections of my current employer!
- 02-17-2009 11:50 AM #19
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Originally Posted by goaliebob99 
- 02-17-2009 12:10 PM #20
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A MOST appropriate response!
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