Investing In Sirius Pays Off For Liberty

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  Investing In Sirius Pays Off For Liberty
  
  November 13, 2009 at 4:24 AM (PT)
  
  What do you think? Add your comment below.
  
  Sirius Looking Like A Good Investment
  
  LIBERTY MEDIA's investment in SIRIUS XM RADIO (NET NEWS 3/6) has returned more than $1.7 billion in nine months, CEO GREG MAFFEI said.
  THE DENVER POST reports LIBERTY, controlled by Chairman JOHN MALONE, loaned $530 million to SIRIUS XM in FEBRUARY and paid $12,500 for a warrant granting a 40% stake.
  LIBERTY made "a couple hundred million" from the loans, which have been paid back, and more from its investment in SIRIUS bonds.
  
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