Will Ergen get Sirius

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This week may decide the destiny of Sirius XM, the worlds only major subscription radio outfit. In 2009 the recently merged entity has lost 45% of its value and trades at about six cents a share. Latest rumours are DirecTV may be making a bid to counter Echostar who are closing in as a result of their ownership of over $300m of Sirius's debt that will mature on Feb 17. Another possibility is Chapter 11. Worth watching this week. Sirius has 19m subscribers.


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