Today you saw an SEC filing by Apollo Investment Advisors for 13D, which indicates that the private equity firm now owns 736 million shares of Sirius XM. This represents 23% of the outstanding shares of the company.
In the previous filing dated November 2005, Apollo represented that they owned 192 million pre-merger shares, or 14.4% of the outstanding shares.
Crossing the 20% ownership threshold is a significant event, as Apollo would now account for their investment as an equity investment.
In case you missed the filing:
http://investor.sirius.com/EdgarDeta...1514&SID=08-00