Liberty Media (LMCA) edges nearer to taking control of Sirius XM (SIRI) by increasing its stake...

|About: Liberty Media Corp (LMCA)|By:, SA News Editor

Liberty Media (LMCA) edges nearer to taking control of Sirius XM (SIRI) by increasing its stake to 48% from 46.2%. Last week, Liberty CEO Greg Maffei said he wants to recoup some the cash his firm has spent on buying Sirius shares, saying that the latter should borrow money to repurchase stock or pay dividends.