Liberty Media is close to a 50% ownership position o f Sirius XM Satellite Radio after announcing on 9/12/2012 that it now owns 49.7% of the shares outstanding or equivalents. The Wall Street Journal reports that Liberty is likely to replace the Board and not likely to retain Mel Karmazin. For now, it appears that Liberty will retain SIRI in its own account and reclaim the $1.5 billion it is ...

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Liberty Media Almost to the 50% Mark at Sirius XM