As Sirius XM teetered on the point of bankruptcy, the satellite radio firm was saved by iberty Media, who owns DirecTV. Liberty is investing $530 million in loans, $175 million of which is paying off their immediate debts.

The firm is a product of a merger of two satellite radio firms - Sirius and XM - who joined together last March. The firm then began by cutting niche programming and focusing on a more mainstream audience like the controversial replacement of punk radio with an all-AC/DC show.

For more details on the structure of the deal, visit Sirius' investor page.