Liberty Media said it plans to increase its stake in...
Liberty Media said it plans to increase its stake in Sirius XM and is now seeking de jure control of the satellite radio company. In an application filed with the FCC International Bureau, Liberty said the application is “one of…
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a series of applications seeking FCC consent to the transfer of de jure control of Sirius XM” to Liberty (http://xrl.us/bnmje4). Liberty intends to “acquire beneficial ownership of additional shares of common stock that ... would represent more than 50 percent of the outstanding shares of common stock,” it said in an amended statement of beneficial ownership with the SEC (http://xrl.us/bnmjfk). Liberty initially filed an application to assume de facto control of Sirius, which was dismissed by the commission (CD May 7 p12).