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Old 11-20-2009
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Default Satellite : SIRIUSly Buying?
11/19/2009 @ 7:25 PM
Back from the edge of bankruptcy, SIRIUS XM may go on a buying spree. Really. CEO Mel Karmazin told Fox News that the company may be planning more acquisitions – we would guess via a much-rumored fling at Worldspace, the now-post-bankruptcy international sat radio operator. Of course, Sirius is still deeply in debt and its stock remains below the magic $1 mark on NASDAQ (which could force a reverse split) but improved third quarter performance and upped credit ratings are giving the sat radio giant a new lease on life
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