Liberty Media, WorldSpace Talks Terminated

Bankrupt

Satellite radio company WORLDSPACE may have hit the end of the road, reports PAIDCONTENT.ORG. WORLDSPACE issued a terse statement saying that its "strategic transaction negotiations" with creditor LIBERTY MEDIA had been terminated by that company.

WORLDSPACE raised $150 million in an IPO in JULY 2005, but filed for bankruptcy protection a year ago.

LIBERTY SATELLITE RADIO, a unit of JOHN MALONE's LIBERTY MEDIA CORP, had been expected to seek a strategic alliance between WORLDSPACE and SIRIUS XM SATELLITE RADIO, in which it owns a significant stake.

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