Sirius XM Satellite radio, who last week was rumored to go bankrupt, was bought by DirecTV owner Liberty Media. Liberty is investing $530 million in loans, $175 million of which is paying off their immediate debts. Sirius and XM Satellite radio merged last March but had caught some flake for getting rid of a lot of their niche programing and replacing it with more mainstream programing. For more details on the structure of the deal, visit Sirius' investor page.
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