Billionaire John Malone is building a cable empire once more as the firms he is backing have announced or are cooking up acquisitions amounting to more than $80 billion, Bloomberg reported.
Liberty Media Corp
Breaking News
Liberty Media Corp, the majority stakeholder of Sirium XM Holdings Inc, has offered to buy out the minority shareholders of the satellite radio provider, Reuters reported.
Charter Communications was reportedly nearing an agreement with investment banks to borrow money for its bid for Time Warner Cable Inc. Charter has held talks with Bank of America Corp., Barclays Plc and Deutsche Bank AG.
Liberty Media said it bought back 5.2% of its own stock from Comcast Corp for USD 417 million.
Liberty Media Corp has filed a new application with the U.S. Federal Communications Commission saying it plans to take full control of Sirius XM and its board.
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