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Charles Ergen’s EchoStar Corp has quietly accumulated a substantial portion of Sirius XM Satellite Radio Inc’s maturing debt in what could be the first salvo in an attempt to take control of the company, the Wall Street Journal said, citing people familiar with the matter.
Ergen, who controls a satellite-television empire around Dish Network Corp. and EchoStar, recently acquired part of a $300 million tranche of Sirius debt that matures on Feb. 17, the people told the paper.
Sirius
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