Seeking Alpha

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

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.
Comments (9)
  • What will happen if and when Liberty Media does take control of SIRI?
    12 Sep 2012, 09:46 AM Reply Like
  • They will only get Control when they break to control mark of 50% plus. That is the only way they will get control.
    12 Sep 2012, 10:04 AM Reply Like
  • 10:40 trading at 2.41-2.42 HUGE VOLUME..They're shaking the tree weak hands are getting out, strong hands are buying..It may go lower yet...2.30? If you can afford it buy more. Sirius will not disappoint you in the end!!!
    12 Sep 2012, 10:49 AM Reply Like
  • i,ve been long on siri.. i agree logicalman now is time to get in.. in the long run you will all be very suprised.... buy
    12 Sep 2012, 04:42 PM Reply Like
  • Looks like they will make their final purchases today to top the 50% mark, as the stock is already down $0.06. I hope they top the 50% mark, as I want this to be carved in stone, so we can move forward in a positive way.
    12 Sep 2012, 10:57 AM Reply Like
  • Mel is probably selling shares today.
    12 Sep 2012, 02:26 PM Reply Like
  • i agree with logicalman..... buy, buy,buy...... i have and wil keep buying @ this great price. won't stay low for long, so be strong and get in now............
    12 Sep 2012, 04:26 PM Reply Like
  • i'm 59 big miami dolphin fan... love football... i've been long on siri for years.. i believe in this co..... so should you
    12 Sep 2012, 04:41 PM Reply Like
  • logicalman is right.. right now is the time to get behind siri... I've been long on siri for years, just bought more.... jump in you won't regret it......
    12 Sep 2012, 04:42 PM Reply Like
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