Originally Posted by
SchultzyMN
Ok, here is something to think about. Let's just assume that Liberty makes a play for SiriusXM next year. What are the chances of this not passing Government approval? Liberty already owns 40% of the company and on March 31, 2010 was granted "Early Termination" by the FTC/DOJ under the Hart-Scott-Rodino Act to increase their stake in Siri (to what % we do not yet know but apparently no anti-trust issues were raised). Also unlikely that legal counsel for Liberty-Siri anticipated any anti-trust issues based on structure of the Investment Agreement. What about the Liberty shareholders not wanting to take on Sirius? Let's be honest, they already have a front row seat and are getting alot of bang for their buck! One reason that Liberty Shareholders might want to take on Sirius is for the very same reason that us current Siri shareholders don't want to give it up; we know that this equity continues to be undervalued at current levels, we know that the business model works, we know that auto sales are really just starting to recover and, with a manageable debt structure, we know that the real profits are just around the corner . . . even more bang for the buck.