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Liberty Media (LMCA) takes another small step to controlling Sirius XM (SIRI), buying another...
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Wednesday, September 12, 2012, 8:41 AM ETLiberty Media (LMCA) takes another small step to controlling Sirius XM (SIRI), buying another 31M shares at $2.49 each and increasing its stake to 49.7% from 49.2%. Based on Sirius' close of $2.50 yesterday, Liberty only needs to spend another $50M or so to breach 50%, although it's still awaiting approval from the FCC to take outright control.
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