Liberty Media (LMCA) takes the final step, and files an Application for Consent to Transfer of...

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

Liberty Media (LMCA) takes the final step, and files an Application for Consent to Transfer of De Jure Control with the FCC to take control of Sirius XM (SIRI). In the Application, LMCA indicates that it intends to purchase sufficient additional shares of Sirius (SIRI) common stock such that, upon conversion of its Preferred Shares, it will own more than 50% of the total outstanding shares of the company.