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Liberty media Attemping HOSTILE takeover of Sirius Xm Radio
User ID: 1499647
05/09/2012 09:47 PM
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Liberty Media ups stake in Sirius to 46 pct. Kid gloves are off.
Last week the Federal Communications Commission dismissed an application by Liberty for approval to take de facto control of Sirius, citing among other things, the fact that Liberty hadn't taken concrete steps to seek control of the company.
Liberty said on Tuesday it planned to file a motion with the FCC within 30 days for its application to be reconsidered.
[link to online.wsj.com]