Liberty Media Seeks To Make Sirius XM A Wholly Owned Subsidiary

Mani

Published onJanuary 5, 2014

Updated on May 13, 2021

Liberty Media Corp (NASDAQ:LMCA) (NASDAQ:LMCB) said it plans to make satellite radio provider Sirius XM Holdings Inc. (NASDAQ:SIRI) a wholly owned unit of Liberty. In a proposal unveiled late Friday, billionaire John Malone’s Liberty Media proposed to create the wholly-owned subsidiary by creating a third class of Liberty Media shares.

Liberty is already a major owner of Sirius

In January 2013, Liberty Media Corp got approval from the Federal Communications Commission to take control of Sirius XM Radio Inc. The FCC ruled that the takeover of Sirius XM Holdings Inc. (NASDAQ:SIRI) by Liberty Media is in the public interest and doesn’t hurt...

Login required to continue reading.

Setup a free account to get access to this article (no credit card required).

View Full Article

Already a member? Log in here

Mani

Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports

Liberty Media Seeks To Make Sirius XM A Wholly Owned Subsidiary

Liberty is already a major owner of Sirius

Login required to continue reading.

Get Your Business News