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Sirius XM Radio is seeking an investment from Liberty Media in an attempt to fend off an unsolicited takeover approach from satellite entrepreneur Charles Ergen, a report says.
A Sirius XM bankruptcy or merger with the likes of EchoStar is becoming more likely as a deadline for maturing debt approaches.
Sirius XM could file for bankruptcy protection as it stares down a deadline for maturing debt, according to a published report.
EchoStar has amassed a large chunk of Sirius XM's maturing debt, according to reports, and could attempt to take over the struggling satellite radio company.
It allows you to stream video from other video sources to your TV.
As the FCC mulls needed approvals for the merger, potential rivals are making demands that could sap the combined company.
Shares shoot up 24% after the company announces it has secured a $200 million investment from EchoStar.
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