Replies to post #328 on WorldSpace Inc fka WRSPQ

[Xace]

That is another thing that makes me smile. He could have bought the assetts of the company for 30m and just made a new company. Instead he kept the company intact and paid the debt. More than likely where the SIRI and Worldspace deal could go through steady and clean.

[NY73]

Malone did NOT pay $100M for the debt. He paid the creditors x on the dollar for the debt claims, worth $100M. Read the press article more carefully. We don't know what he paid, but doubt it was more than $28M, since the creditors showed they were willing to accept 28M from Samara. The creditors were happy to give away the claims to get out, even if having to take a significant haircut. So, don't assume Malone paid huge money, because he didn't. Just sayin'.