Liberty Media is proposing to buy Sirius XM for $3.68 per share (sorry, Wiggy!)

Discussion in 'The Howard Stern Show' started by Captain, Jan 3, 2014.

  1. Captain

    Captain Alto, Blanco y Guapo Gold

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    Executive summary: In an after-hours proposal, John Malone's Liberty Media proposed to swallow the remaining part of Sirius XM that it does not own. Stripped to its essentials, Liberty Media would swap out the preferred shareholders of Sirius XM for a new Class C of Liberty Media stock and swap out the common shareholders of Sirius XM with a fractional share of Liberty Media's common stock. The end result is a value to the common shareholders of about $3.68 per share, or only a few pennies above its Friday closing price.

    I just find it interesting, as Sirius / Sirius XM never ever ever came back from its late 1990s high of about $60.00 per share even with the Wig coming on board. They got a little bump, but the whole thing never panned out as planned. Oh, and the chances of a "white knight" riding in to rescue the Sirius shareholders is about the same as Howard taking off his hair helmet.

    http://www.forbes.com/sites/brianso...erty-media-wants-to-absorb-rest-of-sirius-xm/
     
  2. harlock

    harlock ancora imparo Gold

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    will it be 3 companies or 2?
     
  3. Laika

    Laika Well-Known Member

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    Does this mean Howard will want a commission on all Liberty Media customers?
     
  4. Captain

    Captain Alto, Blanco y Guapo Gold

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    As I understand it, it would be "two" companies under "one" ownership umbrella: Sirius XM would be a wholly-owned subsidiary of Liberty Media; e.g., a corporate asset of Liberty
     
  5. N Copter

    N Copter Shot Dead Banned User

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    Means Howard will want a slice of the Liberty Bell, the New York Liberty, Liberty University, Jeep Liberty, Liberty Mutual, and the statue of Liberty.
     
  6. Beth143nacho

    Beth143nacho Well-Known Member VIP

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    Fuck yeah. I'll take that. I have positions in Siri at both $0.25 and $1.40... Huge profit already, although I should've sold when it was above 4... Will probably keep the new liberty tender because that company's stock is probably going to be far less manipulated than Howard's company ... I hope John Malone shoves a huge concrete dick up Howard's ass when he delivers the news.
     
  7. SillyOldMan

    SillyOldMan Well-Known Member

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    Does this mean Howard can sue Sirius again? I suggest he waits until after his big birthday bash so things don't get too awkward.
     
  8. Uncle Larry

    Uncle Larry Well-Known Member VIP

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    Will Howard consider himself to be a partner of Liberty Media now?

    Malone took a risk when he bailed out Sirius when it was in trouble and is now reaping the benefits. Imagine how much dough 'company man' Howard would have made if he put some money into Sirius stock when it was trading at pennies a share and could sell the shares now.
     
  9. N Copter

    N Copter Shot Dead Banned User

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    He has sued a lot of people he has worked for. I don't pretend to know all the legals ins and outs but after a while it has to be on him doesn't it? Is so shitty at reading his contracts or is everyone breaking them on him?
     
  10. AGT Blows

    AGT Blows Well-Known Member

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    I hope Malone kills the entire company and sells the satellites to China.
     
  11. N Copter

    N Copter Shot Dead Banned User

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    Howard won't see it that way. He has that loser worker (not all workers so calm your uptight asses down...you know who you are) mentality that the owners of a company don't deserve what they have because, "we do all the work".
     
  12. crazypreacher

    crazypreacher Hey yo

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    Me too. They sunk money into everything except the end product.
     
  13. Ruffypup

    Ruffypup Well-Known Member

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    I I Captain :clap:
     
  14. RonHeinzkaboot

    RonHeinzkaboot Adultophile VIP

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    I like Sirus, I listen to the music, baseball and ondemand shows
    besides Howard
    I noticed a lot of other dj 's were talking like it was the end of the company recently, I just chalked it up to end of year holiday talk.
     
  15. Bye You!

    Bye You! The n word guy Gold

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    :backlol:
     
  16. Elisa Jane

    Elisa Jane Well-Known Member

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    I listen to Jay Thomas and he said he just signed a new contract. He was pissed off because he got less money again. He said every year he gets less money. He was bitching about that on the air and he said it was funny that he could bitch about management at Sirius and they never said anything about it. Sounds like such a strange company.
     
  17. NiggalissCage

    NiggalissCage Well-Known Member

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    I guess the fact that Sirius and XM are still 2 companies for the most part escapes you.
     
  18. Rupert Pupkin

    Rupert Pupkin That Ass is Attached to Daniela Lopez Gold

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    They merged the companies after Howard's initial contract expired.

    Per the 2013 SEC Form 10K

    http://investor.siriusxm.com/secfiling.cfm?filingID=908937-13-4

    As of January 17, 2013, Liberty Media Corporation beneficially owned, directly and indirectly, over 50% of the outstanding shares of our common stock. Liberty Media owns interests in a broad range of media, communications and entertainment businesses, including its subsidiaries Atlanta National League Baseball Club, Inc. and TruePosition, Inc., its interests in Live Nation Entertainment, Barnes & Noble, and minority equity investments in Time Warner Inc. and Viacom.
    Certain other important dates in our corporate history are listed below:
    [TABLE]
    [TR]
    [TD][/TD]
    [TD][/TD]
    [/TR]
    [TR]
    [TD] [/TD]
    [TD]
    Satellite CD Radio, Inc. was incorporated in the State of Delaware on May 17, 1990.
    [/TD]
    [/TR]
    [/TABLE]
    [TABLE]
    [TR]
    [TD][/TD]
    [TD][/TD]
    [/TR]
    [TR]
    [TD][/TD]
    [TD]
    On December 7, 1992, Satellite CD Radio, Inc. changed its name to CD Radio Inc., and Satellite CD Radio, Inc. was formed as a wholly owned subsidiary.
    [/TD]
    [/TR]
    [/TABLE]
    [TABLE]
    [TR]
    [TD][/TD]
    [TD][/TD]
    [/TR]
    [TR]
    [TD] [/TD]
    [TD]
    On November 18, 1999, CD Radio Inc. changed its name to Sirius Satellite Radio Inc.
    [/TD]
    [/TR]
    [/TABLE]
    [TABLE]
    [TR]
    [TD][/TD]
    [TD][/TD]
    [/TR]
    [TR]
    [TD] [/TD]
    [TD]
    In July 2008, our wholly owned subsidiary, Vernon Merger Corporation, merged (the “Merger”) with and into XM Satellite Radio Holdings Inc.
    [/TD]
    [/TR]
    [/TABLE]
    [TABLE]
    [TR]
    [TD][/TD]
    [TD][/TD]
    [/TR]
    [TR]
    [TD] [/TD]
    [TD]
    On August 5, 2008, we changed our name from Sirius Satellite Radio Inc. to Sirius XM Radio Inc.
    [/TD]
    [/TR]
    [/TABLE]
    [TABLE]
    [TR]
    [TD][/TD]
    [TD][/TD]
    [/TR]
    [TR]
    [TD] [/TD]
    [TD]
    In April 2010, XM Satellite Radio Holdings Inc. merged with and into XM Satellite Radio Inc.; and in January 2011, XM Satellite Radio Inc., our wholly-owned subsidiary, merged with and into Sirius XM Radio Inc.
    [/TD]
    [/TR]
    [/TABLE]
     
  19. datchguy

    datchguy New Member Banned User

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    :artiejj:
     
  20. datchguy

    datchguy New Member Banned User

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    Maybe they can get some good fucking music directors for the station. Look at this shit. Deep Tracks: Metallica - Turn The Page. This is just as of a few minutes ago.

    [​IMG]