Liberty Media (LMCA) takes another small step to controlling Sirius XM (SIRI), buying another...

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

Liberty 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.