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FBN's Dennis Kneale on media mogul John Malone getting a few steps closer to taking control of Sirius XM.
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If I didn't dig -- yeah man while -- -- on first serious as a rumored takeover appears to be getting more acts.
Serious -- very good day you know expect.
Well written -- help specified there have known because is names on the -- he's here with more on the story agents I love that lovely you know John Malone billionaire cable cowboy he has added again he's pitched battle to take control serious exempt right out from under serious is famously bulky boss Mel Karmazin.
Gaining momentum.
Liberty spinning off another journalist art cable movie channel and reports -- this make it easier for Malone tax policy -- to now take final control banks and serious.
And Malone is just another 220 million dollars to tighten his chokehold on -- -- company.
Liberty shares up almost 1% -- and that and serious down a bit showing you who's in control but this is a class of two heroes -- capital is right John Malone -- bringing back all commenced he's built the cable fortune in over four decades in the business.
What he -- most of all -- If taxes and you can bet he will not do a deal if the tax man it would read any kind of -- all right now Mel Karmazin by contract -- -- -- but a super salesman a radio veteran and former CBS -- And what he hates most of all is having a boss the John Malone told me that Karmazin ought to get over that.
As a tale of business and betrayal but remember Malone rescued Karmazin and 09 no announcement loan love money to serious exam.
Serious paid it back half a billion dollars belongs he was that he got a 40% -- to the company for only 121500.
Dollars.
The -- raise that -- from forty to 46%.
I just spent over 220 million past few days by 2% more of the company that raises his -- -- -- 48%.
Is only a matter a time.
Before Malone went meanwhile a third hero capitalism watches from the sidelined with a vested interest.
Billionaire Warren Buffett's Berkshire Hathaway is an investor in liberty media and it just raised its small stake in that Malone company.
While almost too many big names for one's story about thank you Dennis Dennis deal.
I like the little runway walk you called -- doing well is that some valuable -- you have an idea -- 1131 night talking a lot out of bar.
About the serious can be I was there he was great yeah and that's awesome thank you some look at MS.
