Has Sirius XM Found A Reprieve?

Troubled satellite-radio company Sirius XM might have become the luckiest satellite-radio company in the world: The satellite-tech company EchoStar has bought up a portion of the company’s “massive immediate debt obligations,” which could be the first step toward a takeover. Or it could be just trying to protect itself when the inevitable bankruptcy filing occurs! [WSJ]

By Maura on Thu Feb 5 2009
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