John Malone is redoubling his efforts to take control of the board of Sirius XM Radio Inc (NASDAQ:SIRI). The veteran investor and Liberty Media Corp (NASDAQ:LMCA), (NASDAQ:LMCB) head needs to get approval from the Federal Communications Commission in order to complete the deal.
Liberty currently ownership converts to about a 40% share in Sirius but made an agreement not to take control of the company's board of directors. That deal has now expired and Liberty is hunting after control of the company. A few days ago Sirius rejected a proposition from Liberty to take temporary control of the firm.
Ronald...
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