Liberty Media Corp (NASDAQ:LMCA) (NASDAQ:LMCB) said it plans to make satellite radio provider Sirius XM Holdings Inc. (NASDAQ:SIRI) a wholly owned unit of Liberty. In a proposal unveiled late Friday, billionaire John Malone’s Liberty Media proposed to create the wholly-owned subsidiary by creating a third class of Liberty Media shares. Liberty is already a major owner of Sirius In January 2013, Liberty Media Corp got approval from the Federal Communications Commission to take control of Sirius XM Radio Inc. The FCC ruled that the takeover of Sirius XM Holdings Inc. (NASDAQ:SIRI) by Liberty Media is in the public interest and doesn’t hurt industry…
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