Bruce Nunnally Posted February 21, 2009 Report Share Posted February 21, 2009 As you may have recently read, Liberty Media Corporation announced on February 17 that they have entered into an agreement with SIRIUS XM* to provide loans in exchange for a 40% equity interest and Board of Directors representation. It is our understanding that this agreement enables SIRIUS XM to continue to develop the opportunities previously noted in the merger of SIRIUS and XM and it helps strengthen the capital structure and financial flexibility of the company going forward. We are excited about this positive development that will better enable XM to continue providing great content and innovative programming. GM will continue to work with SIRIUS XM as they venture into this new partnership. Richard M. Lee Executive Director, Satellite Radio Services – GM Bruce 2016 Cadillac ATS-V gray/black Follow me on: Twitter Instagram Youtube Link to comment Share on other sites More sharing options...
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