Sirius XM is preparing to file for bankruptcy and could do so within days, the
New York Times reports. According to the article, the move might be a calculated act to pressure
Dish Network and
EchoStar owner Charles Ergen into making an offer for acquisition. The
Wall Street Journal says he offered to purchase the merged satellite radio group late last year and was then brushed off. Despite previous rejections, he's recently reaffirmed his desire try again. If it wasn't before,
the honeymoon is now officially over.
Read - New York Times
Read - Wall Street Journal