Liberty Media Seeks To Make Sirius XM A Wholly Owned Subsidiary - Hedge Fund Alpha (formerly ValueWalk Premium)
Liberty Media Tiger Eye Capital
05Jan2014

Liberty Media Seeks To Make Sirius XM A Wholly Owned Subsidiary

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 industry...

This content is exclusively for paying members of Hedge Fund Alpha

Gain Exclusive Access to the Insider Strategies and Letters to Shareholders from the Top Hedge Funds and Maximize Your Portfolio Growth with Hedge Fund Alpha

Get Started Now with a FREE 7-Day Trial🔻

If you are a current Hedge Fund Alpha member and are having an account error please clear cache and cookies. If that does not work, email [email protected] or click Chat.

Author

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

Related Posts

UK Economy

Jefferies: Don't Underestimate The UK Economy

13 May, 2021

UK Economy - While the Brexit argument dominates the financial headlines both in and the outside the UK, the financial press seems to be entirely overlooking London’s world-beating financial... Read More

Larry Fink,Laurence Fink, BlackRock, Inc., world's largest asset manager, American multinational investment management corporation, American financial executive, CEO, Chairman, Barclays Global Investors, assets under management, alternative investments, Wall Street, BLK, Hedge funds, valuewalk, ETFs, ishares, robo-investing, robo analysts, quant funds

Big Name Hedge Funds Suffer Large Losses In Market Slump: Quants Outperform

12 March, 2020

The recent market turmoil has helped a handful of hedge funds generate substantial returns for their investors. According to the Financial Times, RG Niederhoffer Capital Management's flagship diversified fund, which... Read More

Greece

No Citi Does Not Say Greece “Devastation” Is Inevitable

13 May, 2021

Greece is not a stable country, and it does not have a thriving economy. The country's debt problems and political paralysis have been the subject of much analysis. A... Read More

Bitcoin

How A World Without Cash is a World Without Banks

13 May, 2021

Karen Petrou on How A World Without Cash is a World Without Banks   On September 8, we issued a report laying out the risks of coming too close to the... Read More

Copper

GS: Copper is about to hit a “supply wall”

13 May, 2021

GS: Copper is about to hit a "supply wall" Metals are heading into a “supply wall”, which will lead to further price weakness over the next three, six and twelve... Read More

Fund flows

June Fund Flow Review: Bonds Away

13 May, 2021

According to a Morningstar, Inc. (NASDAQ:MORN) report investors redeemed $58 billion from long-term mutual funds and ETFs in June. Bond mutual funds and ETFs had record outflows of $68... Read More

Xerox

Xerox Corp (XRX) Reportedly Hires Goldman To Explore Strategic Options

13 May, 2021

Carl Icahn may be getting his wish, if Deal Reporter rumors are correct about Xerox. Xerox reportedly picks Goldman for strategic review process Citing unnamed sources, the niche financial publication Deal... Read More

Fake News Police State

Morning Market News: XOM, PFE, K, SNE, COST, WPI, MU, CI, AVP, Z, PC

13 May, 2021

Morning Market Update   Market Levels •    US:  Dow: 13051.00 (0.16%), S&P 500: 1409.00 (0.16%), NASDAQ: 2649.00 (0.32%) •    Europe: CAC: 3416.47 (-0.37%), DAX: 7257.81 (-0.04%), FTSE: 5827.54 (0.77%). •    Asia-Pacific: Australia:... Read More

Japan NCAV Investors Net Net Stocks 3

Abe’s Third Arrow Will Work In Favor Of Japan’s Value Investors

13 May, 2021

Japan has long been one of the value investors’ markets of choice. The country’s long-term bear market, stagnating economy and number of cash rich companies has created a wealth... Read More

Bloomberg

Bloomberg Beats Reuters, FactSet: William Blair Survey

13 May, 2021

William Blair and Options Group jointly conducted a survey of end-users of financial information systems, focused primarily on compensation trends in the financial services industry. However, Blair included questions... Read More

Exclusive Database On The Hedge Fund Industry.

  • The top resource for hedge fund letters since 2011.
  • Read by the top value investors around the world.
  • Institutional information at retail prices.
  • Learn how the best invest.
X
Saved Articles
X
TextTExtLInkTextTExtLInk