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Sirius and XM to merge
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by nukegingrich | February 19, 2007 at 01:45 pm
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NEW YORK (AP) — XM Satellite Radio Holdings Inc. and Sirius Satellite Radio Inc. have agreed to merge, the two companies said Monday.The deal would consolidate the only two companies in the emerging business of subscription-only satellite radio, and is sure to face tough scrutiny from federal regulators. Investors and analysts have been speculating about a deal for months.
This rumor has been out there for months, especially after both companies endured a difficult 2006.
No word yet on what the new company will be called.
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at 19:57 on February 19th, 2007
Thanks Keith for having my back in my post on Why I could not become a Muslim. I did not even bother to comment--you did a great job and I noted no more comments left after you took care of it!! Thanks!