With a looming deadline to make a $175 million bond payment, Sirius XM Satellite Radio is negotiating a possible deal with Direct TV, the nation’s leading satellite TV service, according to the Los Angeles Times. The bonds are held by EchoStar satellite company, which has been buying Sirius XM’s debt since December. Sirius XM, which has $3.25 billion in total debt, may also file for bankruptcy protection, the New York Times reported yesterday.
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