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Reuters: Liberty to lend Sirius $530 mln; Sirius shares jump 100 percent

Started by chris, February 17, 2009, 04:59:11 PM

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chris

Liberty to lend Sirius $530 mln; Sirius shares jump 100 percent
      
   
      


NEW YORK (Reuters) - John Malone's Liberty Media Corp has agreed to lend $530 million to Sirius XM Radio Inc in exchange for a 40 percent equity stake, saving the satellite radio provider from possible bankruptcy and sending its shares up 100 percent.<div class="feedflare">
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