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Posted January 11, 2013 by Lisa Johnson in Featured
 
 

Liberty Media Corporation (NASDAQ:LMCA) to takeover Sirius XM- SIRI

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Northern, WI 1/11/2013 (Avauncer) –Liberty Media Corporation (NASDAQ:LMCA) Plans to take over Sirius XM (NASDAQ:SIRI) the largest Satellite Radio Service and improve the finances by $3.82 billion revenues. The expansion of subscribers by 6 percent in 2013 is speculated by the satellite radio provider and it is expected that it will provide a better revenue collection in excess of 12% compared to 2012. The Liberty Media Corporation (NASDAQ:LMCA) has already taken the concurrence of the regulatory authority U.S. federal Communications Commission and plan to complete the complete transfer within the next two months.

With completion of the take over the company expects more revenues and cash flow. An approximate $ 700 Million additional cash flow is what the company speculates. With This Sirius XM (NASDAQ:SIRI) can expect and speculate an increase in the market value of its stocks. Liberty Media Corporation (NASDAQ:LMCA) also expects to better its revenues with the complete takeover. Earlier also it was the largest stake holder in the shares of Sirius XM (NASDAQ:SIRI), but with complete takeover and new marketing strategies it is likely to surpass the previous records.

Shares of Liberty Media Corporation (NASDAQ:LMCA) were up by 1.20% to close at $122.62

Shares of Sirius XM (NASDAQ:SIRI) were up by 0.32% to close at $3.13.


NASDAQ:LMCA NASDAQ:SIRI

Lisa Johnson

 
Lisa Johnson is an award-winning journalist, host, author and critic, who has appeared as an expert on the CBS Early Show, NBC s Today Show, Dr. Phil, CNN, CNBC, Fox News, CNBC, Bravo and many more. Her work has been featured in The Wall St. Journal, the New York Times, Forbes, Oprah.com, AOL and numerous other media outlets. She has authored three books from major publishers


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