Although Charlie Ergen may be one of the world’s richest men, it appears that his planned takeover of Sirius XM Radio will not come cheap.

A Reuters report that references research firm, CreditSights look closely at Ergen’s bid for an EchoStar takeover of Sirius XM.

Instead of the previous speculation that Ergen would force Sirius XM into bankruptcy in order to take control of the company, CreditSights believes that he may not work actively toward directly buying controlling interest in Sirius XM.

By purchasing roughly $125 million in shares, Ergen would control fifty-percent of Sirius XM and thus be able to begin working toward his EchoStar takeover.

[Via Orbitcast]