Sirius XM: Karmazin Says RMT Could Take 6 Months

At Wednesday's 2012 Media, Communications and Entertainment Conference in Beverly Hills, there was a lot more light shed on the ongoing takeover of Sirius XM (SIRI) by Liberty Media (LMCA). According to Sirius CEO Mel Karmazin, there has been absolutely "no dialog" between the two companies regarding the takeover. This includes Liberty's original filing for De Facto control of Sirius. A few people speculated that Liberty had asked for the passwords to file an electronic application, and Sirius turned it down. However, Mr. Karmazin set the record straight. There has been no dialog at all with Liberty regarding any of the filings. "We have not had any conversations about control," which includes the newest filing, and any of the stock purchases. READ FULL ARTICLE HERE

Posted in and tagged with
.

Why Open a Browser, get citybizlist in your InBox.