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Reuters: Liberty to lend Sirius $530 million, get 40 percent stake

Started by chris, February 17, 2009, 11:59:13 PM

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Liberty to lend Sirius $530 million, get 40 percent stake
      
   
      


NEW YORK (Reuters) - Mel Karmazin's Sirius XM Radio Inc won a reprieve from its debt deadlines on Tuesday after Liberty Media Corp agreed to lend $530 million to help the satellite radio provider fend off bankruptcy.<div class="feedflare">
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