Sirius XM hires advisers for Liberty bid

Jan 24, 2014

Sirius XM says it has hired financial and legal advisers to help it evaluate Liberty Media's bid to buy all of the satellite radio provider.

Liberty Media Corp., an Englewood, Colo., company controlled by billionaire John Malone, already owns more than half of the New York-based company's shares. It is trying to gain control of the rest of Sirius XM Holdings Inc. in a that valued Sirius XM at about $23 billion when it was announced earlier this month.

Sirius XM formed a special committee to consider the offer and said Friday that it has hired Evercore Group L.L.C. as a and Weil Gotshal & Manges LLP as a legal adviser.

Explore further: Uber driver found guilty in Belgium crackdown

Related Stories

Liberty to boost stake in Sirius XM to 45 pct

May 08, 2012

(AP) -- Billionaire John Malone's Liberty Media Corp. said Tuesday that it will spend $650 million to increase its effective control of satellite radio company Sirius XM Radio Inc. to 45.2 percent.

Sirius XM earns small profit in 4Q

Feb 25, 2010

(AP) -- Sirius XM Radio Inc. on Thursday posted a small profit for the fourth quarter as it added subscribers and cut costs.

Recommended for you

Uber driver found guilty in Belgium crackdown

3 hours ago

An Uber driver in Belgium was found guilty of breaking taxi laws on Monday, in the first case to land in a Brussels court after dozens of drivers were caught by police posing as clients of the banned service.

Comcast now has more Internet than cable customers

May 04, 2015

Just before its $45 billion deal with Time Warner Cable collapsed over regulators' fears about a giant cable company's control over the Web, Comcast was racking up more Internet customers.

Google embeds engineers as professors

May 03, 2015

Howard University freshman Alanna Walton knew something was different about the professor teaching her introduction to computer science course.

Uber office raided in southern China: report

May 01, 2015

Taxi app Uber's office in the southern city of Guangzhou has been raided by authorities, a report said Friday, in an apparent crackdown on the Internet ride-sharing service.

User comments : 0

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.