All Posts Tagged Tag: ‘Sirius XM shareholders’

FCC Blocks Liberty Media From Sirius XM Control

On saturday the Federal Communications Commission (FCC) blocked 40% Sirius XM shareholder, Liberty Media from taking control of the company’s operating licenses. Liberty took control of the shares in 2009 after investing over $500 million to help the company avoid bankruptcy. The FCC claims Liberty does not hold the proper documentation to transfer ownership, but also need to amass at …

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