Liberty Media (LINTA) Ready to Make a Move on Sirius (SIRI) Stake

After saving Sirius XM Radio Inc. (Nasdaq: SIRI) from the brink two years ago, Liberty Media's (Nasdaq: LINTA) John Malone is considering "doubling down" on his investment, the New York Post reported Monday.

Malone's firm is discussing adding to its 40 percent Sirius stake, although talks are in the early stages, the Post reported.

The group has made a hefty 15 percent return on many of the loans to Sirius, which is in addition to the big stake it got in the company.

As an alternative to raising its stake, Liberty could simply buy the entire company as has been rumored for years, although this option is seen as less likely.

Lazard Capital analyst Barton Crockett, who recently upgraded Sirius to "Buy," said he could see Liberty raising its stake. Regardless, Crockett said there is a growing need for the two sides to talk to each other about the investment.

In addition to raising the stake, there has been recent speculation Liberty may seek to spin-off its more-than $4 billion investment in Sirius XM (Nasdaq: SIRI).

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