Bloomberg reports Liberty Media now owns 1.99 billion common
shares and 1.29 billion convertible shares, according to a filing yesterday. If
the converted stock is added to the outstanding shares of New York-based
Sirius, Liberty Media owns about 50.5 percent.
Liberty plans to take control of the Sirius board, putting
it in position to choose a new chief executive officer. James Meyer was named
interim CEO in December, replacing Mel Karmazin, who resigned last year.
The Federal Communications Commission approved the transfer
of broadcast licenses earlier this month, the last major hurdle preventing
Liberty from finishing its takeover of the satellite- radio company.
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