Democratic FCC and EchoStar’s Bid for Sirius
Posted by Reid on 10 February 2009
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The biggest news for Sirius XM Radio fans in the last few weeks has been centred on the possibility of a takeover of the company by EchoStar.
EchoStar, headed up by Charlie Ergen, the 87th richest man in the world, has been actively purchasing off large portions of Sirius XM’s massive debt. The move is considered by many to be an initial effort to begin taking over the satellite radio corporation.
Although many believe that a Democratic government (and FCC) may block the move it still appears likely that EchoStar is only beginning a larger process to acquire Sirius XM.
[Via Orbitcast]


