Liberty Media gets Sirius
http://www.economist.com/displaystory.cfm?story_id=13145825
I found It surprising that Sirius XM Radio almost had to file for bankruptcy when they are a monopoly in the satellite radio business. I don't understand how they could go out of business with not one other competitor in the market. I also found super interesting that the arch-rival of Sirius XM, Dish Network did not choose to buy Sirius out. Dish could easily buy out Sirius and be the new provider for Satellite radio, instead they chose to lend Sirius up to 530 million dollars to bail them out and in return they will receive a 40% stake. I think that in the end Dish could benefit for the bailout its a bold investment.
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