Sirius XM Still Looking For Hope!

As February 17th draws closer for a possible takeover by EchoStar's Charles Ergen Sirius XM's Chief Executive Mel Karmazin is still in talks with Liberty Media Corp. Ergen owns $175 million in convertible bonds that come due on February 17th. By converting the debt into equity will allow EchoStar to takeover Sirius XM. Karmazin is looking to Liberty Media as a potential investor but it is not looking good for the company. A representative for Liberty Media has stated that the talks with Sirius XM management have been synergetic.