Home » News & Blogs » Space business: LightSquared fights off Dish with new bankruptcy exit plan while Liberty wants all of Sirius XM
Bookmark and Share
Hyperbola

Space business: LightSquared fights off Dish with new bankruptcy exit plan while Liberty wants all of Sirius XM

6 Jan 2014, 11:36 UTC
Space business: LightSquared fights off Dish with new bankruptcy exit plan while Liberty wants all of Sirius XM
(200 words excerpt, click title or image to see full post)

Financial news sources including Reuters are reporting that the bankrupt Liqhtsquared firm is attempting to get court approval to come out of Banktruptcy under a financing plan supported by Fortress Investment, Melody Capital Partners, JP Morgan Chase and Harbinger Capital Partners. The plan is designed to avoid being taken over by the Dish Network who have also bid for the firm.
In a separate development, the satellite radio firm Sirius XM Radio has had its majority shareholder Liberty Media, propose that it acquires all the rest of the company’s shares in a share swap deal.
http://investor.siriusxm.com/releasedetail.cfm?ReleaseID=816965

Latest Vodcast

Latest Podcast

Advertise PTTU

NASA Picture of the Day

Astronomy Picture of the Day

astronomy_pod