Shares of Sirius XM Satellite Radio doubled Tuesday morning to a mere 20 cents on news that Liberty Media (DirectTV) will invest $530 million in the the beleaguered satelite radio company. The move rebuffs suitor Echostar (Dish Network) that allows allows Sirius XM to avoid a Chapter 11 bankruptcy filing. More:
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Liberty Helps Sirius XM Avoid Bankrputcy
Bruce Houghton on 2009.02.17 in Satellite Radio | Permalink
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