In total, the share buy-back program now carries an overall value of $6 billion. The announcement did not state whether Liberty Media, the majority holder of SiriusXM share would participate in the program, but did list it as an option. If Liberty does not participate its ownership percentage would increase as shares are removed from the market. I anticipate that Liberty Media and SiriusXM will negotiate some transactions that could buy back shares from Liberty. This would, in effect, allow Liberty to gain some cash from its SiriusXM stake without having to dip below 50% ownership.
Go short the old man. He's losing his touch all right. LMAO
Malone keeps his hand on all the cookie jars. Liberty owns a piece of TWX. Those assets will be part of the new Liberty cable spin-out later this year. TKS John for allk the wealth you create. SWEET
When will the CLUELESS learn?
this is good news. Liberty owns 1% of TWX and those assets will park themselves here. Nice
Johns the man!!!!!!
Think Malone gets the new media? I got the profits to prove he does. OHG YEAH
[video] Yahoo/LYV Wants to Bring Concerts to Your Couchat Bloomberg(Tue, Jul 15)
Very nice indeed.
6 bil. total. Liberty affiliates hmmmmmm
SiriusXM's Board of Directors approved a $2 billion common stock repurchase program in December 2012 and supplemented that authorization with the approval of an additional $2 billion common stock repurchase program in October 2013.Â The new approval increases to an aggregate of $6 billion the amount of common stock SiriusXM has been authorized to repurchase.
The announcement of the extension of the repurchase program reflects the Board's desire to continue to return value to stockholders and its confidence in the long-term growth prospects of the Company's business.Â SiriusXM retains sufficient capital capacity to continue making long-term investments in its programming, research and development initiatives and overall operations, as well as to pursue strategic opportunities that may arise.
Part of the Liberty family. OH YEAH
This is gettig to get good. real good. Also
[video] Yahoo/LYV Want to Bring Concerts to Your Couchat Bloomberg(Tue 4:07PM
Malone gets the new media. Liberty right where it needs to be. SWEET
Malone gets the new media. Liberty right where it needs to be!!!! SWEET
The buy-back is good news for both Liberty and SIRI. Good second half on tap. Earnings surprise? HMMMMM