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

  • L.A. Women's March: Scarlett Johansson, Viola

    Viola Davis, Scarlett Johansson, Others Rally Thousands at Los Angeles Women's March

    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 […]

  • Thousands of people gather holding protest

    Marchers Reference 'Get Out,' 'Black Mirror' at New York City Women's March

    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 […]

  • Los Angeles Women's March

    How to Watch the Los Angeles Women’s March Online

    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 […]

  • Lori Mccreary and Gary Lucchesi PGA

    How Harvey Weinstein Drove the PGA to Combat Sexual Harassment on Set

    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 […]

  • Bob Bakish, President and CEO of

    Viacom CEO Bob Bakish Earned $20.3 Million in 2017

    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 […]

  • Ross Levinson LA Times

    L.A. Times Publisher Placed on Unpaid Leave Amid Sexual Harassment Investigation

    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 […]

  • Time Warner

    Judge Indicates Shutdown Won't Delay AT&T-Time Warner Antitrust Case

    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