Liberty Media nears Sirius XM tipping point

Briefing by Inside Radio

After chasing Sirius XM Radio for months, John Malone’s Liberty Media appears poised to catch its target. The company is asking the FCC to approve its takeover. 

If the government goes along with the request, Liberty says within 60 days it will buy “sufficient shares” of Sirius XM stock and convert its preferred shares to “own more than 50%” of the total outstanding shares.