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Liberty Media Corp Takes Majority Control Of Sirius XM Radio Inc-DJ

Friday, 18 Jan 2013 12:24am EST 

Dow Jones reported that Liberty Media Corp has taken majority ownership of Sirius XM Radio Inc., after months of trying to wrest control of the satellite radio broadcaster. John Malone's Liberty Media bought another 50 million shares of Sirius stock at an average price of $3.15 per share. After that purchase, Liberty owns about 1.9 billion shares of Sirius XM's common stock. It also separately owns about 1.29 billion preferred shares. Including the convertible preferred shares, Liberty Media holds about 50.7% of Sirius XM's outstanding common stock. 

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