Liberty has been trying to gain control of the satellite radio services company for some month now. In January it received approval from the U.S. Federal Communications Commission to take control.
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Liberty acquired an initial stake of about 40 percent in Sirius in 2009 as part of a deal in which it loaned the satellite radio broadcaster $530 million to help stave off bankruptcy.
The company said that it had bought another 50 million shares of Sirius from the market at an average price of $3.15 a share, which takes it past the crucial 50 percent stake for management control. Along the common stock and convertible preferred shares, Libertys holds about 50.7 percent in Sirius XM, the filing showed.
The lawsuit, education fund a private one brought on behalf of employees, claims tTech Review Apple Inc (NASDAQAAPL) Sirius XM Radio Inc (NASDAQSIRI satellite radiohat the companies agreed to refrain from placing `cold calls to lure workers from competitors.
At Kohs request, the lawyers also agreed that Google Chairman Eric Schmidt will be deposed on Feb. 20. Lawyers for the employees will depose Intel Chief Executive Officer Paul Otellini later this month, lawyers said.
Apple Inc.(NASDAQ:AAPL)s Chief Executive, Tim Cook has been ordered to depose in a lawsuit which claims that the company and other technology firms violated anti-trust laws by entering into non-poaching pacts with each other, in terms of their employees.
Koh, while issuing the order, said that Apple founder Steve Jobs had been copied on all the emails and it was hard to believe that Cook, who was the chief operating officer then, had not been consulted about these agreements.
He felt that former Chief Executive Mel Karmazin was not doing his job well. Karmazin quit Sirius in December as it was amply made clear to him that he was not welcome any lsatellite radioonger in the company.
U.S. District Judge Lucy Koh in San Jose, California, issued the order at a hearing yesterday over the objections of George Riley, Seek British Proofreading Services For The Business a lawyer representing Apple.
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Liberty Media has finally taken majority control of Sirius XM Radio Inc(NASDAQ:SIRI),Delhi Plays Great Role Through Its Best Boarding Schools. according to a fling made by the company with U.S. Securities and Exchange Commission.
The other defendants in the case include Google Intel Corp. Adobe Systems, Walt Disney Cos Pixar animation unit, Intuit and Lucasfilm Ltd.
John Malone, who owns Liberty Media, has wanted to run Sirius as he felt that it should be more aggressive in pursuing technology and in its international expansion.
