Liberty Media drops proposal buy all of Sirius XM

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liberty-mediaLiberty Media Corp. dropped its proposal to acquire the rest of Sirius XM Holdings Inc. The company announced the withdrawn offer along with a plan to create two new tracking stocks. Liberty, which currently owns about 53% of Sirius, said Thursday in light of the tracking stock distribution, “our offer for SiriusXM is no longer applicable.”

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Carl has been with RBR-TVBR since 1997 and is currently Managing Director/Senior Editor. Residing in Northern Virginia, he covers the business of broadcasting, advertising, programming, new media and engineering. He’s also done a great deal of interviews for the company and handles our ever-growing stable of bylined columnists.