http://www.thestandard.com/node/126156/comments comments feed. en Sirius XM announces acquisition by end of March 2009? http://www.thestandard.com/predictions/sirius-xm-announces-acquisition-end-march-2009 <p> <p> </p> <p><i><b>Judgment made on April 1, 2009: Sirius XM struck a deal with Liberty Media to stay afloat. As a result, Sirus did not announce the company was acquired. The community correctly judged this forecast. -- The Industry Standard</b></i></p> <p>irius XM Radio is in danger of going bankrupt. After Sirius merged with rival satellite radio company XM last July, the company has been struggling to refinance its debt when the credit markets started to freeze up in the fall. The <a href="http://online.wsj.com/article/SB123413823508461499.html?mg=com-wsj">Wall Street Journal reported</a> that satellite mogul Charles Egen made an unsolicited offer to buy Sirius, which Sirius CEO Mel Karmazin rejected late last year. </p> <p>Egen is determined <a href="http://www.paidcontent.org/entry/419-echostar-apparently-buying-sirius-debt-aiming-for-control">to take control of Sirius</a>. Sirius can't pay back its debt. So Egen's satellite TV company, Echostar, bought up most of Sirius's $175 million convertible debt. Echostar is also buying up some of Sirius's bank debts.<a href="http://www.reuters.com/article/marketsNews/idINN0962498120090209?rpc=44&pageNumber=1&virtualBrandChannel=0"> Research firm CreditSights speculates</a> that Echostar needs to only spend another $100 million to take control of Sirius. This forces Sirius into one of two options: file for bankruptcy or get acquired<a href="http://www.reuters.com/article/marketsNews/idINN0962498120090209?rpc=44&pageNumber=1&virtualBrandChannel=0">.</a></p> <p><b>Prediction: </b>Sirius XM announces the company will be acquired by March 31, 2009. </p> <p>Image: <a href="http://www.flickr.com/photos/djlein/">DJ Lein</a>/Flickr </p> http://www.thestandard.com/predictions/sirius-xm-announces-acquisition-end-march-2009#comments charles egen co: echostar co: sirius iTunes Mergers & Acquisitions Satellite radio XM Radio Tue, 10 Feb 2009 13:14:58 -0500 Yi-Wyn Yen 126156 at http://www.thestandard.com Sirius XM announces acquisition by end of March 2009? http://www.thestandard.com/predictions/sirius-xm-announces-acquisition-end-march-2009 <p> <p> </p> <p><i><b>Judgment made on April 1, 2009: Sirius XM struck a deal with Liberty Media to stay afloat. As a result, Sirus did not announce the company was acquired. The community correctly judged this forecast. -- The Industry Standard</b></i></p> <p>irius XM Radio is in danger of going bankrupt. After Sirius merged with rival satellite radio company XM last July, the company has been struggling to refinance its debt when the credit markets started to freeze up in the fall. The <a href="http://online.wsj.com/article/SB123413823508461499.html?mg=com-wsj">Wall Street Journal reported</a> that satellite mogul Charles Egen made an unsolicited offer to buy Sirius, which Sirius CEO Mel Karmazin rejected late last year. </p> <p>Egen is determined <a href="http://www.paidcontent.org/entry/419-echostar-apparently-buying-sirius-debt-aiming-for-control">to take control of Sirius</a>. Sirius can't pay back its debt. So Egen's satellite TV company, Echostar, bought up most of Sirius's $175 million convertible debt. Echostar is also buying up some of Sirius's bank debts.<a href="http://www.reuters.com/article/marketsNews/idINN0962498120090209?rpc=44&pageNumber=1&virtualBrandChannel=0"> Research firm CreditSights speculates</a> that Echostar needs to only spend another $100 million to take control of Sirius. This forces Sirius into one of two options: file for bankruptcy or get acquired<a href="http://www.reuters.com/article/marketsNews/idINN0962498120090209?rpc=44&pageNumber=1&virtualBrandChannel=0">.</a></p> <p><b>Prediction: </b>Sirius XM announces the company will be acquired by March 31, 2009. </p> <p>Image: <a href="http://www.flickr.com/photos/djlein/">DJ Lein</a>/Flickr </p> http://www.thestandard.com/predictions/sirius-xm-announces-acquisition-end-march-2009#comments charles egen co: echostar co: sirius iTunes Mergers & Acquisitions Satellite radio XM Radio Tue, 10 Feb 2009 13:14:58 -0500 Yi-Wyn Yen 126156 at http://www.thestandard.com Sirius XM announces acquisition by end of March 2009? http://www.thestandard.com/predictions/sirius-xm-announces-acquisition-end-march-2009 <p> <p> </p> <p><i><b>Judgment made on April 1, 2009: Sirius XM struck a deal with Liberty Media to stay afloat. As a result, Sirus did not announce the company was acquired. The community correctly judged this forecast. -- The Industry Standard</b></i></p> <p>irius XM Radio is in danger of going bankrupt. After Sirius merged with rival satellite radio company XM last July, the company has been struggling to refinance its debt when the credit markets started to freeze up in the fall. The <a href="http://online.wsj.com/article/SB123413823508461499.html?mg=com-wsj">Wall Street Journal reported</a> that satellite mogul Charles Egen made an unsolicited offer to buy Sirius, which Sirius CEO Mel Karmazin rejected late last year. </p> <p>Egen is determined <a href="http://www.paidcontent.org/entry/419-echostar-apparently-buying-sirius-debt-aiming-for-control">to take control of Sirius</a>. Sirius can't pay back its debt. So Egen's satellite TV company, Echostar, bought up most of Sirius's $175 million convertible debt. Echostar is also buying up some of Sirius's bank debts.<a href="http://www.reuters.com/article/marketsNews/idINN0962498120090209?rpc=44&pageNumber=1&virtualBrandChannel=0"> Research firm CreditSights speculates</a> that Echostar needs to only spend another $100 million to take control of Sirius. This forces Sirius into one of two options: file for bankruptcy or get acquired<a href="http://www.reuters.com/article/marketsNews/idINN0962498120090209?rpc=44&pageNumber=1&virtualBrandChannel=0">.</a></p> <p><b>Prediction: </b>Sirius XM announces the company will be acquired by March 31, 2009. </p> <p>Image: <a href="http://www.flickr.com/photos/djlein/">DJ Lein</a>/Flickr </p> http://www.thestandard.com/predictions/sirius-xm-announces-acquisition-end-march-2009#comments charles egen co: echostar co: sirius iTunes Mergers & Acquisitions Satellite radio XM Radio Tue, 10 Feb 2009 13:14:58 -0500 Yi-Wyn Yen 126156 at http://www.thestandard.com Sirius XM announces acquisition by end of March 2009? http://www.thestandard.com/predictions/sirius-xm-announces-acquisition-end-march-2009 <p> <p> </p> <p><i><b>Judgment made on April 1, 2009: Sirius XM struck a deal with Liberty Media to stay afloat. As a result, Sirus did not announce the company was acquired. The community correctly judged this forecast. -- The Industry Standard</b></i></p> <p>irius XM Radio is in danger of going bankrupt. After Sirius merged with rival satellite radio company XM last July, the company has been struggling to refinance its debt when the credit markets started to freeze up in the fall. The <a href="http://online.wsj.com/article/SB123413823508461499.html?mg=com-wsj">Wall Street Journal reported</a> that satellite mogul Charles Egen made an unsolicited offer to buy Sirius, which Sirius CEO Mel Karmazin rejected late last year. </p> <p>Egen is determined <a href="http://www.paidcontent.org/entry/419-echostar-apparently-buying-sirius-debt-aiming-for-control">to take control of Sirius</a>. Sirius can't pay back its debt. So Egen's satellite TV company, Echostar, bought up most of Sirius's $175 million convertible debt. Echostar is also buying up some of Sirius's bank debts.<a href="http://www.reuters.com/article/marketsNews/idINN0962498120090209?rpc=44&pageNumber=1&virtualBrandChannel=0"> Research firm CreditSights speculates</a> that Echostar needs to only spend another $100 million to take control of Sirius. This forces Sirius into one of two options: file for bankruptcy or get acquired<a href="http://www.reuters.com/article/marketsNews/idINN0962498120090209?rpc=44&pageNumber=1&virtualBrandChannel=0">.</a></p> <p><b>Prediction: </b>Sirius XM announces the company will be acquired by March 31, 2009. </p> <p>Image: <a href="http://www.flickr.com/photos/djlein/">DJ Lein</a>/Flickr </p> http://www.thestandard.com/predictions/sirius-xm-announces-acquisition-end-march-2009#comments charles egen co: echostar co: sirius iTunes Mergers & Acquisitions Satellite radio XM Radio Tue, 10 Feb 2009 13:14:58 -0500 Yi-Wyn Yen 126156 at http://www.thestandard.com Sirius XM announces acquisition by end of March 2009? http://www.thestandard.com/predictions/sirius-xm-announces-acquisition-end-march-2009 <p> <p> </p> <p><i><b>Judgment made on April 1, 2009: Sirius XM struck a deal with Liberty Media to stay afloat. As a result, Sirus did not announce the company was acquired. The community correctly judged this forecast. -- The Industry Standard</b></i></p> <p>irius XM Radio is in danger of going bankrupt. After Sirius merged with rival satellite radio company XM last July, the company has been struggling to refinance its debt when the credit markets started to freeze up in the fall. The <a href="http://online.wsj.com/article/SB123413823508461499.html?mg=com-wsj">Wall Street Journal reported</a> that satellite mogul Charles Egen made an unsolicited offer to buy Sirius, which Sirius CEO Mel Karmazin rejected late last year. </p> <p>Egen is determined <a href="http://www.paidcontent.org/entry/419-echostar-apparently-buying-sirius-debt-aiming-for-control">to take control of Sirius</a>. Sirius can't pay back its debt. So Egen's satellite TV company, Echostar, bought up most of Sirius's $175 million convertible debt. Echostar is also buying up some of Sirius's bank debts.<a href="http://www.reuters.com/article/marketsNews/idINN0962498120090209?rpc=44&pageNumber=1&virtualBrandChannel=0"> Research firm CreditSights speculates</a> that Echostar needs to only spend another $100 million to take control of Sirius. This forces Sirius into one of two options: file for bankruptcy or get acquired<a href="http://www.reuters.com/article/marketsNews/idINN0962498120090209?rpc=44&pageNumber=1&virtualBrandChannel=0">.</a></p> <p><b>Prediction: </b>Sirius XM announces the company will be acquired by March 31, 2009. </p> <p>Image: <a href="http://www.flickr.com/photos/djlein/">DJ Lein</a>/Flickr </p> http://www.thestandard.com/predictions/sirius-xm-announces-acquisition-end-march-2009#comments charles egen co: echostar co: sirius iTunes Mergers & Acquisitions Satellite radio XM Radio Tue, 10 Feb 2009 13:14:58 -0500 Yi-Wyn Yen 126156 at http://www.thestandard.com Sirius XM announces acquisition by end of March 2009? http://www.thestandard.com/predictions/sirius-xm-announces-acquisition-end-march-2009 <p> <p> </p> <p><i><b>Judgment made on April 1, 2009: Sirius XM struck a deal with Liberty Media to stay afloat. As a result, Sirus did not announce the company was acquired. The community correctly judged this forecast. -- The Industry Standard</b></i></p> <p>irius XM Radio is in danger of going bankrupt. After Sirius merged with rival satellite radio company XM last July, the company has been struggling to refinance its debt when the credit markets started to freeze up in the fall. The <a href="http://online.wsj.com/article/SB123413823508461499.html?mg=com-wsj">Wall Street Journal reported</a> that satellite mogul Charles Egen made an unsolicited offer to buy Sirius, which Sirius CEO Mel Karmazin rejected late last year. </p> <p>Egen is determined <a href="http://www.paidcontent.org/entry/419-echostar-apparently-buying-sirius-debt-aiming-for-control">to take control of Sirius</a>. Sirius can't pay back its debt. So Egen's satellite TV company, Echostar, bought up most of Sirius's $175 million convertible debt. Echostar is also buying up some of Sirius's bank debts.<a href="http://www.reuters.com/article/marketsNews/idINN0962498120090209?rpc=44&pageNumber=1&virtualBrandChannel=0"> Research firm CreditSights speculates</a> that Echostar needs to only spend another $100 million to take control of Sirius. This forces Sirius into one of two options: file for bankruptcy or get acquired<a href="http://www.reuters.com/article/marketsNews/idINN0962498120090209?rpc=44&pageNumber=1&virtualBrandChannel=0">.</a></p> <p><b>Prediction: </b>Sirius XM announces the company will be acquired by March 31, 2009. </p> <p>Image: <a href="http://www.flickr.com/photos/djlein/">DJ Lein</a>/Flickr </p> http://www.thestandard.com/predictions/sirius-xm-announces-acquisition-end-march-2009#comments charles egen co: echostar co: sirius iTunes Mergers & Acquisitions Satellite radio XM Radio Tue, 10 Feb 2009 13:14:58 -0500 Yi-Wyn Yen 126156 at http://www.thestandard.com Sirius XM announces acquisition by end of March 2009? http://www.thestandard.com/predictions/sirius-xm-announces-acquisition-end-march-2009 <p> <p> </p> <p><i><b>Judgment made on April 1, 2009: Sirius XM struck a deal with Liberty Media to stay afloat. As a result, Sirus did not announce the company was acquired. The community correctly judged this forecast. -- The Industry Standard</b></i></p> <p>irius XM Radio is in danger of going bankrupt. After Sirius merged with rival satellite radio company XM last July, the company has been struggling to refinance its debt when the credit markets started to freeze up in the fall. The <a href="http://online.wsj.com/article/SB123413823508461499.html?mg=com-wsj">Wall Street Journal reported</a> that satellite mogul Charles Egen made an unsolicited offer to buy Sirius, which Sirius CEO Mel Karmazin rejected late last year. </p> <p>Egen is determined <a href="http://www.paidcontent.org/entry/419-echostar-apparently-buying-sirius-debt-aiming-for-control">to take control of Sirius</a>. Sirius can't pay back its debt. So Egen's satellite TV company, Echostar, bought up most of Sirius's $175 million convertible debt. Echostar is also buying up some of Sirius's bank debts.<a href="http://www.reuters.com/article/marketsNews/idINN0962498120090209?rpc=44&pageNumber=1&virtualBrandChannel=0"> Research firm CreditSights speculates</a> that Echostar needs to only spend another $100 million to take control of Sirius. This forces Sirius into one of two options: file for bankruptcy or get acquired<a href="http://www.reuters.com/article/marketsNews/idINN0962498120090209?rpc=44&pageNumber=1&virtualBrandChannel=0">.</a></p> <p><b>Prediction: </b>Sirius XM announces the company will be acquired by March 31, 2009. </p> <p>Image: <a href="http://www.flickr.com/photos/djlein/">DJ Lein</a>/Flickr </p> http://www.thestandard.com/predictions/sirius-xm-announces-acquisition-end-march-2009#comments charles egen co: echostar co: sirius iTunes Mergers & Acquisitions Satellite radio XM Radio Tue, 10 Feb 2009 13:14:58 -0500 Yi-Wyn Yen 126156 at http://www.thestandard.com Sirius XM announces acquisition by end of March 2009? http://www.thestandard.com/predictions/sirius-xm-announces-acquisition-end-march-2009 <p> <p> </p> <p><i><b>Judgment made on April 1, 2009: Sirius XM struck a deal with Liberty Media to stay afloat. As a result, Sirus did not announce the company was acquired. The community correctly judged this forecast. -- The Industry Standard</b></i></p> <p>irius XM Radio is in danger of going bankrupt. After Sirius merged with rival satellite radio company XM last July, the company has been struggling to refinance its debt when the credit markets started to freeze up in the fall. The <a href="http://online.wsj.com/article/SB123413823508461499.html?mg=com-wsj">Wall Street Journal reported</a> that satellite mogul Charles Egen made an unsolicited offer to buy Sirius, which Sirius CEO Mel Karmazin rejected late last year. </p> <p>Egen is determined <a href="http://www.paidcontent.org/entry/419-echostar-apparently-buying-sirius-debt-aiming-for-control">to take control of Sirius</a>. Sirius can't pay back its debt. So Egen's satellite TV company, Echostar, bought up most of Sirius's $175 million convertible debt. Echostar is also buying up some of Sirius's bank debts.<a href="http://www.reuters.com/article/marketsNews/idINN0962498120090209?rpc=44&pageNumber=1&virtualBrandChannel=0"> Research firm CreditSights speculates</a> that Echostar needs to only spend another $100 million to take control of Sirius. This forces Sirius into one of two options: file for bankruptcy or get acquired<a href="http://www.reuters.com/article/marketsNews/idINN0962498120090209?rpc=44&pageNumber=1&virtualBrandChannel=0">.</a></p> <p><b>Prediction: </b>Sirius XM announces the company will be acquired by March 31, 2009. </p> <p>Image: <a href="http://www.flickr.com/photos/djlein/">DJ Lein</a>/Flickr </p> http://www.thestandard.com/predictions/sirius-xm-announces-acquisition-end-march-2009#comments charles egen co: echostar co: sirius iTunes Mergers & Acquisitions Satellite radio XM Radio Tue, 10 Feb 2009 13:14:58 -0500 Yi-Wyn Yen 126156 at http://www.thestandard.com