Sirius XM In Talks With EchoStar Rival

Law360, New York (February 12, 2009, 12:00 AM EST) -- As it teeters on the brink of bankruptcy, Sirius XM Radio Inc. is reportedly in talks with Liberty Media Corp. — a development that could spark a battle between the satellite television company and its rival EchoStar Corp. for the flagging satellite radio operator.

Liberty Media has a controlling interest in DirecTV, the satellite television provider with the most subscribers. But the leader of EchoStar, which runs DirecTV rival Dish Network, has been snapping up Sirius XM stock.

On Thursday, the Wall Street Journal reported that...
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