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Liberty Media Corp (LMCA)

  • Oct. 9, 2012, 5:15 AM
    Anschutz wants to sell AEG in one piece and keep the management in place, and expects to receive bids of around $10B for the sports and entertainment company, Reuters reports. That's higher than the $6B-$8B that was mooted last month, and, along with the desire to avoid a break-up, complicates the sale. Prospective suitors includes Liberty Media (LMCA). (previous)
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  • Oct. 2, 2012, 2:04 PM
    The FCC announces that any parties that oppose Liberty Media's (LMCA +0.7%) proposal to take over Sirius Radio XM (SIRI +2.7%) have until November 1st to file their initial protest with the agency. With the merger now all but imminent, shares of SIRI have ripped to a 4-year high today, helped in part by BofA's Jessica Reif Cohen who launched coverage with a Buy rating on the "compelling" stock.
  • Oct. 2, 2012, 8:58 AM
    Liberty Media (LMCA) catches an upgrade to Buy from Citi's Jason Bazinet with the takeover of Sirius XM Radio around the corner. The analyst thinks that after the 50% ownership mark is crossed, Sirius will begin a $3B stock buyback program that will give Liberty a nice little boost on its investment.
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  • Sep. 20, 2012, 10:29 AM
    Liberty Media (LMCA -1.1%) CEO John Malone tells the audience at the Goldman Sachs Communacopia Conference that the company's stake in Sirius XM Radio (SIRI -1.2%) is close to 49.6% as it stands tantalizingly close to gaining full control of the company. Naturally, one of the questions to the exec has to do with the fate of Mel Karmazin which he shrugs off by indicating a Mel-less Sirius would do just fine. (webcast)
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  • Sep. 19, 2012, 3:42 AM
    Anschutz says it intends to sell its AEG sports-and-entertainment unit in a deal that could reportedly be worth several billion dollars. AEG's assets include a 30% stake in the LA Lakers, sports teams, stadiums and music festivals, as well as the world's second-largest concert promoter. Potential buyers could include News Corp. (NWS) and Liberty Media (LMCA), which owns 21% of AEG ticket rival Live Nation (LYV).
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  • Sep. 17, 2012, 5:48 PM
    Liberty Media (LMCA) moves a step closer to full control after it converts around 6.25M shares of Sirius XM (SIRI) B-1 preferred stock, giving it 49.5% stake in SIRI. LMCA +1.2%.
  • Sep. 13, 2012, 6:48 AM
    Liberty Media (LMCA) considers its options as it nears full control of Sirius XM Radio (SIRI). Shareholders hoping for a quick spinoff of the satellite radio company may have to wait a bit with Liberty Media CEO Greg Maffei saying "no rush" exists.
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  • Sep. 12, 2012, 8:41 AM
    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.
  • Aug. 29, 2012, 4:56 AM
    Liberty Media (LMCA) inches ever closer to obtaining full control of Sirius (SIRI), increasing its stake in the satellite radio company over the last few days to 48.8% from 48.1% by acquiring 40M shares for $2.53 each. The purchases come as Liberty awaits FCC approval to take control of Sirius.
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  • Aug. 24, 2012, 8:09 AM
    Shares of Sirius XM Radio (SIRI) have had a nice little run, supposedly helped in part by the expectation that Liberty Media (LMCA) will jam a bigger buyback program down its throat after grabbing control of the company. Though it's a common take on the Street, it doesn't quite make sense to Jeff Sica of Sica Wealth Management. "Investors anticipating that Liberty will just sweep in and unlock the value of the company and generate share appreciation are a little bit premature."
  • Aug. 22, 2012, 5:24 PM
    A judge has denied a request from Sirius XM (SIRI) shareholders to stop Liberty Media (LMCA) from acquiring a controlling stake via further share purchases. Last week, Liberty filed an application with the FCC to be granted de jure control of Sirius. (more)
  • Aug. 20, 2012, 3:16 PM
    Liberty Media (LMCA +1.9%) trades higher as it plays a waiting game with the FCC to see if can land "de facto" control of Sirius XM Radio (SIRI +0.6%). Despite all the hyperbole from Mel Karmazin about working for a boss again, Wunderlich Securities bets he stays on board if Liberty gets the green light.
  • Aug. 17, 2012, 5:37 PM
    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.
  • Aug. 15, 2012, 9:37 AM
    Liberty Media (LMCA +0.5%), so tantalizing close to controlling Sirius XM Radio (SIRI +1.4%) that it can smell it, has analysts buzzing over the potential of mixing in Sirius to its existing stable of businesses. Though the company has stakes in Barnes & Noble, concert player Live Nation, and cable TV company Discover Communications - it's best known for structuring complicated tax-advantaged deals. What does LMCA have up its sleeve?
  • Aug. 15, 2012, 4:03 AM
    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.
  • Aug. 14, 2012, 3:14 PM
    Is it possible that Sirius XM (SIRI +0.9%) is close to initiating a share buyback that would put Liberty Media (LMCA +0.1%) in control? That's the question posed by SA author Crunching Numbers after sizing up the $400M senior note offering the company floated last week. Liberty doesn't want over 80% of the Sirius because that would trigger a loss of tax credits, but a 50.01% stake would probably suit it just fine.
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Company Description
Liberty Media Corporation through its subsidiaries owns interest in media, communication and entertainment businesses. The Company operates in North America.
Sector: Services
Country: United States