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FRPLG · 02-11-2009, 11:41 AM

They are being forced. Echo star wanted to buy them back in December and Karmazin rebuffed the unsolicited offer. Since then Echo Star has bought up a lot of their debt and are seeking to force them to bankruptcy so they can take control of the company. They aren't going to go out of business...right now.

02-11-2009, 11:41 AM	#11
FRPLG MVP Join Date: May 2004 Age: 46 Posts: 10,164	re: Sirius XM facing bankruptcy They are being forced. Echo star wanted to buy them back in December and Karmazin rebuffed the unsolicited offer. Since then Echo Star has bought up a lot of their debt and are seeking to force them to bankruptcy so they can take control of the company. They aren't going to go out of business...right now.