Satellite TV battles for remains of satellite radio, DirecTV owner wins stake in Sirius XM
DirecTV rival EchoStar, which owns Dish Network, was in the midst of gobbling up huge chunks of the satellite radio company's debt, prompting many to assume a takeover bid was imminent. Regardless, most analysts believe that the move by Liberty was mostly a financial decision, as Liberty will receive a 15% return on its initial $280 million investment.
[Source: Automotive News - sub. req'd]
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