You will be redirected back to your article in seconds

Liberty Media gets Sirius

Latest stock buy puts it over 50%

Liberty Media dipped into its wallet and acquired another 50 million shares of SiriusXM, putting it over the 50% mark to close the circle as its push to take over the satellite radio broadcaster looks pretty much complete now.

Liberty, which had worked up to about 49.7%, received approval from the Federal Communications Commission last month to take “de facto” control and had 60 days to buy the additional shares it needed to put it over the top.

In an SEC filing, Liberty said it acquired 50 million shares of Sirius for just under $3.16 each this Tuesday, bringing it to 50.7%.

Now the question is what’s next for SiriusXM. Liberty has discussed a few possible scenarios but investors will be looking for more specific guidance now that John Malone’s company is officially reeling the broadcaster in. Sirius execs including new CEO James Meyer will talk to the Street on Feb. 5 when it reports fourth quarter earnings. Liberty hasn’t announced at date for its numbers yet but it will likely be shortly after.

More Biz

  • This, photo shows the 21st Century

    Sony Pictures Joins 21st Century Fox Hunt as Deal Talk Spreads Across Biz

    Liberty Media dipped into its wallet and acquired another 50 million shares of SiriusXM, putting it over the 50% mark to close the circle as its push to take over the satellite radio broadcaster looks pretty much complete now. Liberty, which had worked up to about 49.7%, received approval from the Federal Communications Commission last […]

  • India’s PVR Buys Stake in iPic

    India’s PVR Buys Stake in iPic U.S. Luxury Theater Chain

    Liberty Media dipped into its wallet and acquired another 50 million shares of SiriusXM, putting it over the 50% mark to close the circle as its push to take over the satellite radio broadcaster looks pretty much complete now. Liberty, which had worked up to about 49.7%, received approval from the Federal Communications Commission last […]

  • Fusion Media Group

    Univision Seeking to Sell Minority Stake in Fusion Media Group

    Liberty Media dipped into its wallet and acquired another 50 million shares of SiriusXM, putting it over the 50% mark to close the circle as its push to take over the satellite radio broadcaster looks pretty much complete now. Liberty, which had worked up to about 49.7%, received approval from the Federal Communications Commission last […]

  • Brett Ratner

    Brett Ratner Steps Down From Simon Wiesenthal Center Board Amid Sexual Misconduct Claims

    Liberty Media dipped into its wallet and acquired another 50 million shares of SiriusXM, putting it over the 50% mark to close the circle as its push to take over the satellite radio broadcaster looks pretty much complete now. Liberty, which had worked up to about 49.7%, received approval from the Federal Communications Commission last […]

  • Brian Roberts Comcast James Murdoch Fox

    21st Century Fox Shares Soar on Reports of Comcast Acquisition Overture, Verizon Interest

    Liberty Media dipped into its wallet and acquired another 50 million shares of SiriusXM, putting it over the 50% mark to close the circle as its push to take over the satellite radio broadcaster looks pretty much complete now. Liberty, which had worked up to about 49.7%, received approval from the Federal Communications Commission last […]

More From Our Brands

Access exclusive content