NEW YORK (AP) — Liberty Media Corp. said Friday it has boosted its stake in Sirius XM Radio Inc. and intends to take control of the satellite radio broadcaster if federal authorities approve.
The conglomerate controlled by cable TV magnate John Malone said it bought 94.3 million shares in Sirius XM starting in the past week for $234.3 million, raising its stake to 48 percent.
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