A strange point of discussion recently has seen industry observers commenting on the biggest allure behind the Liberty Media takeover of Sirius XM Radio. Whereas many may have assumed that Charlie Ergen sought control over Sirius for more straightforward purposes, signs now point to the former company’s $6 billion in losses as the more enticing feature of the satellite corporation.

By gaining a controlling interest in Sirius XM Radio, Liberty and EchoStar will be able to offset future profits through the tax benefits of the nearly bankrupt company.

The move mirrors John Malone’s previous acquistion of the Atlanta Braves, an action that allowed Liberty to cash out Time Warner interest without incurring large tax payments.

[Via Orbitcast]