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Liberty Media Corp. (NASDAQ:LMCA) inches its way towards control of Sirius XM Radio Inc. (NASDAQ:SIRI), as it has bought another 31 million shares at $2.49 each which takes its stake from 49.7 percent to 49.2 percent. The former still awaits permission from the Federal Communications Commission to take full control of Sirius, and based its Tuesday close at $2.50, Liberty only needs to spend another $50 million or so to top 50 percent.
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TheStreet.com, Inc. (NASDAQ:TST) purchases The Deal, which is the owner of M&A news site The Deal Pipeline, for an unreported amount. The Deal claims 40,000 subscriptions, of which many are financial professionals, and generates more than 100 articles per day. TheStreet intends to add some of its content to The Deal, and also to cross-sell it to its existing customers and readers, but The Deal’s magazine will shut down.
BAE Systems (BAESY.PK) and Airbus (EADSY.PK) are in talks concerning a possible unification of their businesses, via the establishment of a dual listed company structure, through which the two firms would operate as one group but would be listed separately on their current exchanges. If the move tales place, BAE Systems shareholders would own 40 percent and EADS shareholders 60 percent respectively.
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