Arab Today, arab today liberty media wants all of sirius xm
Last Updated : GMT 17:37:11
Arab Today, arab today
Arab Today, arab today

Stock swap deal worth some $10bn

Liberty Media wants all of Sirius XM

Arab Today, arab today

Arab Today, arab today Liberty Media wants all of Sirius XM

Chairman of Liberty Media John Malone
New York - Arab Today

Chairman of Liberty Media John Malone US conglomerate Liberty Media said Friday it wants to buy the shares it does not already own in satellite broadcaster Sirius XM in a stock swap deal worth some $10 billion. The holding company controlled by tycoon John Malone announced the proposal which would give Sirius public shareholders a 39 percent stake in Liberty Media.
"Our proposal will allow Sirius public shareholders to convert from a non-controlling stake in a subsidiary into a direct equity position in Liberty, the parent company," said Greg Maffei, Liberty’s president and chief executive.
"Sirius shareholders will continue to participate in Sirius' future prospects along with Liberty's broader portfolio of businesses and opportunities. We believe the combined company will have better access to capital and all of Liberty's shareholders -- both its current shareholders and the Sirius shareholders who become Liberty shareholders as a result of the proposed transaction -- will enjoy enhanced liquidity as shareholders of a $27 billion market capitalization company."
The offer at $3.68 per share represents a 4.5 percent premium for Sirius shareholders.
Liberty, which owns stakes in a variety of companies including cable operator Charter Communications and the entertainment operator Live Nation, bought a stake in Sirius in 2009 for $530 million. Its current stake is some 53 percent.
Liberty also owns the Atlanta Braves baseball club.
Source: AFP

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today liberty media wants all of sirius xm Arab Today, arab today liberty media wants all of sirius xm

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today liberty media wants all of sirius xm Arab Today, arab today liberty media wants all of sirius xm

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Media: وسائل الإعلام أخبار
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Girl barred from Malaysia chess competition

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday