As Sirius XM teetered on the point of bankruptcy, the satellite radio firm was saved by iberty Media, who owns DirecTV. Liberty is investing $530 million in loans, $175 million of which is paying off their immediate debts.

The firm is a product of a merger of two satellite radio firms – Sirius and XM – who joined together last March. The firm then began by cutting niche programming and focusing on a more mainstream audience like the controversial replacement of punk radio with an all-AC/DC show.

For more details on the structure of the deal, visit Sirius‘ investor page.
Source As Sirius XM teetered on the point of bankruptcy, the satellite radio firm was saved by iberty Media, who owns DirecTV. Liberty is investing $530 million in loans, $175 million of which is paying off their immediate debts.

The firm is a product of a merger of two satellite radio firms – Sirius and XM – who joined together last March. The firm then began by cutting niche programming and focusing on a more mainstream audience like the controversial replacement of punk radio with an all-AC/DC show.

For more details on the structure of the deal, visit Sirius‘ investor page.
Source