Liberty Media buys 5.5 Million more SiriusXM shares


Sirius XMIt looks like Liberty Media has likely hit the 49.9% ownership stake and will now wait for the FCC’s decision on de jure control. On 9/6 Liberty filed another document with the SEC listing purchase dates of 9/4 and 9/5 of 5.5 million more Sirius XM shares. Liberty actually purchased a total of 5,536,346 shares this week, with the 9/4 buy of 4,642,375 shares, and the 9/5 buy of 893,971 shares of Class A stock.

SiriusXM CEO Mel Karmazin is expected to speak at the Bank of America Merrill Lynch Media, Communications and Entertainment Conference in Beverly Hills 9/12. We may just find out what’s going to happen with Liberty, his employment status beyond the 2012 contract and his recent SIRI stock sales.