SiriusXM satellite radio Streaming free music
The Colorado-based Liberty Media Corp., which is controlled by billionaire John Malone, announced a plan late Friday to offer Liberty common stock to minority shareholders of Sirius XM Holdings in a tax-free deal designed to convert the satellite radio company into a wholly owned subsidiary of Liberty. The all-stock transaction would be valued at about $10 billion. Liberty currently controls about 53% of SiriusXM.
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