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DirectTV Selling its XM Stake

DirectTV Selling its XM Stake

DirecTV Group Inc. the owner of approximately 9 million shares of XM Satellite Radio’s common stock, is selling them. DirecTV has priced a public offering for all of its remaining holdings of XMSR shares for approximately $230 million.
Bear, Stearns & Co. Inc. is the underwriter. The offering is by prospectus only and a copy of the prospectus can be obtained from the company upon request.