Sirius XM Gets Last Minute Save From Liberty
Sirius XM picture
“Sirius XM, the embattled satellite radio company, said early Tuesday that it reached an 11th-hour deal with Liberty Media that will allow it to repay maturing debt and avoid a bankruptcy filing, at least for the moment. The last-minute deal parries an aggressive move by EchoStar, which owns the Dish Network and had been buying Sirius’s debt in hopes of taking control of the company if it defaulted.” [Link]
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