Sirius Resolution Likely This Week
Some resolution is likely to come this week is regards to Sirius XM Radio's fate. It may declare bankruptcy, or reach an agreement to be acquired either partially or completely.
According to Bloomberg News, the company has $175 million in bonds, held by EchoStar's Charles Ergen, due on Tuesday. Sirius has also reportedly been in negotiations with Liberty Media about a potential deal.
Were either EchoStar (which owns Dish Network) or Liberty (owner of DirecTV) to partner with or purchase Sirius XM, it would be in position to integrate television and radio content, an analyst told Bloomberg.