8/29 – Liberty Increases Stake in SiriusXM

Making good on plans to increase its stake in Sirius XM to more than 50%, Liberty Media said it bought roughly another 40 million shares in the satcaster between last Friday and Tuesday. That moves Liberty’s stake from 48.1% to 48.8% and puts it within a stone’s throw of outright control. Liberty earlier asked the FCC to allow it to take full control of Sirius XM, reports Inside Radio.

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