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Sirius XM Holdings Inc. (SIRI)

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  • Jan. 18, 2013, 3:24 AM
    The inevitable has finally happened and Liberty Media (LMCAD) has taken majority control of Sirius XM Radio (SIRI) by increasing its stake to 50.7% after acquiring 50M shares at $3.15 each. Liberty has said in the past that Sirius should improve its technology and expand internationally.
  • Jan. 3, 2013, 5:26 PM
    Liberty Media (LMCA) has won FCC approval to obtain de jure control of Sirius XM (SIRI). Liberty, which currently has a 49.8% stake in the satellite radio provider, says it expects to gain control of Sirius within the next 60 days. SIRI +1.3% AH.
  • 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. 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. 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. 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.
  • Jul. 13, 2012, 5:12 AM
    Liberty (LMCA) Chairman John Malone says Sirius (SIRI) needs to invest in developing the "next generation or two of (its) service," including the Internet version, and on globalizing. Malone also says he wants Sirius to use its substantial cash flow to return money to Liberty.
  • May 31, 2012, 9:35 AM
    Liberty Media (LMCA +0.3%) asks the FTC to reconsider its refusal to allow the company to take control of Sirius XM Radio (SIRI +1.2%). Liberty increased its holding in the satellite radio company to 46.2% from 40% earlier this month. (previous)
  • Apr. 3, 2012, 9:13 AM
    While Sirius XM Radio (SIRI) shares have jumped 7% in the past two sessions on speculation that Liberty Media (LMCA) will buy out the company, Canaccord Genuity doesn't think it will happen. "LMCA can monetize its stake without increasing it," the firm says, adding it would "be surprised if LMCA spent $1.5B for an additional 10% after getting 40% for less than half that."
  • Apr. 1, 2012, 4:35 AM
    Sirius (SIRI) is in a fight for its independence, and has asked the FTC to "dismiss or deny" an application from Liberty Media (LMCA) to take "de facto" control of the satellite broadcaster, Sirius said on Friday. Liberty has preferred stock convertible into 40%, which it received when it lent several hundred million dollars to Sirius in 2009. (previous)
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Company Description
Sirius XM Holdings Inc broadcasts its music, sports, news, talk, entertainment, traffic and weather channels in the United States for a subscription fee through its proprietary satellite radio systems.
Sector: Services
Country: United States