Sirius XM Falls As Liberty Media Takeover Downplayed

Sirius XM Radio (SIRI) looks like less of a takeover target, after an analyst said Liberty Media (LMCA) may not want to spend the money for it and could instead cash out. The satellite radio operator is fighting an attempt by top shareholder Liberty to take control of its FCC licenses, leading to speculation Liberty could raise its stake or buy the company. Liberty was given preferred shares that can be converted to a 40% stake in Sirius, under a