with RCS

Bankruptcy for Sirius XM?

America's satellite radio company Sirius XM is preparing for a possible bankruptcy filing, the New York Times has reported.

The newspaper reports the move could put pressure on the satellite company EchoStar, which owns a substantial amount of the company’s debt.

It comes after the Wall Street Journal reported that satellite television mogul Charles Ergen made an offer to take control of Sirius XM

See the report [link=http://www.nytimes.com/2009/02/11/technology/companies/11radio.html?ref=technology]here[/link]. Further reading from [link=http://www.fool.com/investing/general/2009/02/10/who-will-buy-sirius-xm-radio.aspx]fool.com[/link].

You might also like

Comments are closed.