SiriusXM fights Liberty Media takeover move

Discussion in 'The Howard Stern Show' started by Nemo, Mar 31, 2012.

  1. Nemo

    Nemo Beer Can Thick Gold

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    http://latimesblogs.latimes.com/entertainmentnewsbuzz/2012/03/siriusxm-liberty-media-takeover-.html

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    "...........What's clear is that SiriusXM's last-minute arrangement with Liberty averted financial disaster, allowing the New York satellite radio company to make a $172-million payment on its high-interest loans just days before it was due in February 2009. The transaction also gave Liberty Media five of 13 seats on the company's board.

    The deal also barred Liberty Media from trying to take over SiriusXM by acquiring 39.9% or more of SiriusXM's stock. That provision expired March 6.

    "The expiration of the Investment Agreement Provisions does no more than remove certain barriers to Liberty Media's ability to take additional steps to acquire control of SiriusXM," SiriusXM's lawyers argued. "The SiriusXM Board controls the company, and Liberty Media's current minority representation on the board does not give it the ability to control SiriusXM." ...........

    .....Malone has a history of not-so-friendly takeovers. In 2004, he locked horns with Rupert Murdoch over control of News Corp. The lengthy battle ended in 2006 when Malone agreed to give up Liberty's 16.3% stake in News Corp. in exchange for 38.5% share in DirecTV, along with half a billion dollars in cash and three regional sports networks.

    In the current clash of the media titans, it's now Malone's turn to make a move........."
     
  2. Bye You!

    Bye You! The n word guy Gold

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    i didn't read that. just wanted to say good morning!

    i can always count on you to be up early. WHY are you up this early?
     
  3. Nemo

    Nemo Beer Can Thick Gold

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    :hug:
    I have to get the kids ready for school.
     
  4. Bye You!

    Bye You! The n word guy Gold

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    :bigcry:
     
  5. Nemo

    Nemo Beer Can Thick Gold

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    :bigcry:
     
  6. usedtampon

    usedtampon Well-Known Member

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    How mundane!!!! You're beer can thick, talking multi-billion dollar business battles, and you have to get the kids ready for school. Don't you have people to do that for you?
     
  7. Bye You!

    Bye You! The n word guy Gold

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    no kids, but i gotta get my own ass to work :depressed:

    why can't i win the lottery just once? :nag:
     
  8. Bye You!

    Bye You! The n word guy Gold

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    :secret: it's Saturday
     
  9. Nemo

    Nemo Beer Can Thick Gold

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    Those lying bastards!
    Wait until they get home from where ever they are :mad:
     
  10. Bye You!

    Bye You! The n word guy Gold

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    :jj:
     
  11. Nemo

    Nemo Beer Can Thick Gold

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    http://seekingalpha.com/article/467341-liberty-media-makes-a-move-to-take-control-of-sirius-xm

    Liberty Media Makes A Move To Take Control Of Sirius XM

    "An FCC application on March 20 may be the beginning of a long fight to take over Sirius XM (SIRI) by Liberty Media (LMCA). On the surface it looks like a Liberty fishing expedition. And it looks like a lot of investors are thinking that, listening to the chatter on the street............



    After further research I found the application from Liberty that covers all of the exhibits and different licenses. In some sort of a perceived loophole in the 2009 agreement, Liberty seems to think that the expiration of the agreement on March 6 transfers Sirius to Liberty. This is all found in the six page application:........."
     
  12. Spazzmatazz

    Spazzmatazz Band Member Banned User

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    Who called this meeting? :uscratch: :ucoffee:
     
  13. Nemo

    Nemo Beer Can Thick Gold

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    :facepalm:
     
  14. Spazzmatazz

    Spazzmatazz Band Member Banned User

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    The fucks the matter with you? At least I didn't let the linoleum lizards escape. :neener:
     
  15. Nemo

    Nemo Beer Can Thick Gold

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    :nocheer:
    Whats he saying, Robin?
     
  16. Bye You!

    Bye You! The n word guy Gold

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    Linoleum lizards. :jj:

    Yeah, Nemo, wtf?
     
  17. Nemo

    Nemo Beer Can Thick Gold

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  18. Spazzmatazz

    Spazzmatazz Band Member Banned User

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    Fuckin' Yankees... :facepalm:
    KIDS dammit!
     
  19. Spazzmatazz

    Spazzmatazz Band Member Banned User

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    crumb crunchers...
     
  20. Nemo

    Nemo Beer Can Thick Gold

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    "I take care of my kids"
     
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