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Liberty: Let's get Sirius

Posted by SAMOD BOOGIE on Monday, January 6, 2014
The diversified media company's bid to make Sirius XM (SIRI) a wholly owned subsidiary via a stock swap would create a media company with $27 bil market value. In Jan. '13, Liberty Media (LMCA) bought 52% of the satellite radio operator. One Sirius share would be converted to 0.076 of a Liberty stock. Current Sirius shareholders would own 39% of Liberty. Liberty CEO Greg Maffei said in a statement, "The combined company will have better access to capital." Liberty rose in after-hours trading. Sirius fell.

Tags: in sirius offer  john malone is up to his old tricks 



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