Sirius XM Radio Inc. (NADAQ:SIRI) is involved in a ferocious battle over control of the company with investor Jon Malone. Liberty Media, Malone’s company seeks to obtain permission from the FCC to increase its stake in the company. The move is speculated, with quite strong evidence behind it, to be the beginnings of an attempt to take control of a majority shareholding in the satellite radio company. Liberty Media needs to obtain another 11% of the the company to get it up the the 51% threshold. This appears to be in the works though Sirius itself is attempting to deny…
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