Liberty Media is reportedly "near" a deal to invest in Sirius XM
Posted by
Brian (aka trav007)
Feb 16 '09, 15:10
|
According to the WSJ:
John Malone's Liberty Media Inc. was near a deal late Monday to invest in Sirius XM Radio Inc. in return for a major stake, according to people familiar with the matter.
Though the two sides remained in negotiations over the final details, Mr. Malone appeared poised to the edge past rival media baron Charles Ergen for a piece of the troubled satellite-radio operator.
|