Liberty Funds Sirius, Blocks Dish Bid

Feb 17, 2009  •  Post A Comment

Liberty Media Corp. blocked a bid by Dish Network to take control of Sirius/XM Radio by agreeing to invest $530 million in the ailing satellite radio company, the Associated Press reports. About half the funding for Sirius, which said it may file for bankruptcy this week and whose debt is partially held by Dish, will be a loan from Liberty, while the other half will be for general corporate uses, the wire service says.
—Danny King

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