However, Liberty, which loaned Sirius $530 million in 2009 to help it from going bankrupt in return for shares that it is now using to wrest control, has now resubmitted its petition to the FCC. “We’ve asked (the FCC) to affirm we have de facto control,” Malone said. “Once they do that, there is no barrier to us having actual, hard control.”
Malone said that if anyone was going to get a premium in the deal, it would be he. “There are three parties in this deal — Sirius and its shareholders, Liberty and its shareholders, and there’s me personally because I am the controlling shareholder in Liberty,” he said. “So when you ask yourself, ‘Should there be a control premium and if there is one, who should get it,’ don’t forget about me.”
This REALLY makes me dislike Malone. The poor poor multi-billionaire wants his premium. lol.
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