All Posts: direct tv
SIRIUS XM Radio and Liberty Media Reach Agreement for Investment
last edit on 02/17/2009
It worked! Faced with possible bankruptcy or a takeover by Charlie Ergen of Dish Network, XM Sirius CEO, Mel Karmizon got a lifeline from Charlie's nemesis, John Malone of Liberty, owners of Direct TV. Charlie had bought up almost $200 million of Sirius XM debt, payment due today. If payment wasn't made Charlie would have made a play to take over Sirius XM. Instead, John Malone chipped in a $530 million loan in exchange for 40% of the co...
FLASH! John Malone-Direct TV reportedly set to bail out Mel and Sirius
The New York Times in an amazing story reports that John Malone may be the one to save Mel Karmizon and Sirius/XM from bankruptcy or being taken over by Charlie Ergen's Dish Network..
read the entire, inside story in the New York Times...here..
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