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Sirius XM Radio in talks with Liberty Media: report
By John Letzing
Last update: 7:48 p.m. EST Feb. 11, 2009
SAN FRANCISCO (MarketWatch) -- Sirius XM Radio Inc. is in preliminary talks with Liberty Media Corp., in a move that could spark a bidding war for
sirius xm radio inc com, according to a media report late Wednesday. The online edition of the New York Times, citing unnamed sources, reported that the talks between Sirius and Liberty are "preliminary." Meanwhile, Sirius Chief Executive Mel Karmazin "has been locked in talks" with EchoStar CEO Charles Ergen over a possible deal, according to the report. Sirius shares were hit hard Wednesday by reports that the satellite-radio company is considering filing for bankruptcy. End of Story