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Liberty Media chairman John C. Malone on looking for a controlling stake in Sirius XM.
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Fourteen minutes from now well the war for control.
And Sirius XM radio is moving to the Allen and company annual conference in the -- -- L.
He is on the scene in Sun Valley, Idaho.
Hello Cheryl you know this is a real plot to to hear of the capital the two media titans you got liberty media's John Malone.
Vs Sirius -- chief Mel Karmazin now -- after the FCC.
To ruled that his 46%.
Stake in -- give them control the company.
The first 40% of that stake below got -- -- what are the best deals ever he paid only 121000.
Dollars.
And exchange for loaning serious half a billion dollars.
That -- would have when no one else would serious paid it all back plus interest now blown has that -- So -- K says now I'm not gonna give up control without a premium.
But Malone told me late last night -- -- emerged from the -- the main lodge that mell ought to get over that.
He says this -- this morning Malone elaborated and he made it clear whose really in control.
-- -- If we've reached an agreement it was amicable to all sides in this three birdies -- -- -- For the period of serious and its shareholders.
There's liberty and its shareholders and his unit vs the zionist controlled -- delivered.
It won't consider any ask yourself.
Should there -- -- control premium -- if there is one who should get it don't forget about me.
It -- forget about me Mel Karmazin can -- over a hundred million dollars on stock options he has plenty of upside now he says.
And then Malone said last night he had dinner here and so and Sun Valley the other night with FCC chairman Julius genachowski.
He insists that mattered did not come up that would be inappropriate it have to be -- very disturbing from -- -- that.
Control of this company is being snatched away from him as we speak Gerald.
Alright Dennis -- say it is a little bit trying get some rest SI -- 3 AM on Twitter.
Rocket or Roland and Sun Valley Dennis we'll see.
