EchoStar (SATS Quote), which sells set-top boxes and was the former parent of Dish Network (DISH Quote), had also reportedly been trying to gain control of Sirius XM, going as far as to accumulate a large amount of Sirius XM's debt.
EchoStar is controlled by Charles Ergen, who had offered to restructure Sirius XM's debt and inject several hundred million dollars into the company in return for control, according to several media reports. Liberty Media has three tracking stocks: Liberty Interactive (LINTA Quote), Liberty Capital (LCAPA Quote) and Liberty Entertainment (LMDIA Quote).- Loading Comments...
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