The Wall Street Journal reports (subscription) that Sirius XM chief Mel Karmazin is "scrambling to raise about $175 million" to fend off a takeover threat from Charlie Ergen's EchoStar Corp.
Ergen, ranked by Forbes as the #35 richest man in America (net worth $8.1 billion), has been buying up Sirius XM's debt, to the tune of $400 million, since late summer, the Journal reports:
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