Sirius XM Radio Inc (NASDAQ: SIRI) John Malone’s Liberty Media Corp (Capital) (NASDAQ: LMCA), on Thursday, got approval from the Federal Communications Commission (FCC) to take control of Sirius XM Radio Inc (NASDAQ: SIRI). The FCC ruled that the takeover of Sirius XM by Liberty Media is in the public interest and does not hurt industry competition. Douglas County-based Liberty Media Corp (Capital) (NASDAQ: LMCA), was keen on acquiring the growing 23 million-subscriber radio service, since it bought a 40 percent stake in the business and saved the radio firm from the bankruptcy with a $535 million loan.
John Malone’s Liberty Media Corp has been trying, since last year, to gain full control, after it got dissatisfied with the company’s pace of buying back its own shares, and in developing new services and technology.
Microsoft Corporation (NASDAQ: MSFT). The U.S. Department of Defense entered a three-year Joint Enterprise Licensing Agreement with Microsoft for enterprise licenses and software assurance. Microsoft said that it was its “most comprehensive licensing agreement” ever with the Department. The agreement covers 75 percent of all DoD personnel numbering about 450,000. This comes at a time when several businesses are either hesitant to switch to Windows 8 or have decided to do it only later this year. However, today’s action will surely boost the confidence of Microsoft shareholders. Microsoft Corp (NASDAQ: MSFT) had its target price raised by Barclays Capital from $30.00 to $31.00. Barclays Capital currently has an equal weight rating on the stock.
Find out how MSFT could react in the upcoming trading sessions by getting the free full report here: http://www.wallstreetscoop.net/market-scan/?symbol=MSFT
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