XM and Sirius to disclose merger today: paper

Iria · Feb 19, 2007, 05:11 PM

Source: Reuters
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NEW YORK (Reuters) - The two main satellite radio providers, XM Satellite Radio Holdings Inc. and Sirius are expected to announce a long-awaited merger on Monday, according to the New York Post.

The newspaper said the two companies were negotiating over the weekend to merge the companies, a deal that is expected to be structured as a "merger of equals."

~~DudeBoyz~~ · Feb 19, 2007, 07:06 PM

In a fledgling field like this where startup costs are so incredibly high because of the need to build an infrastructure out of nothing, I think this may well end up being a very good thing for that industry.

I still prefer free over-the-air radio, but can appreciate that people want an alternative.

They can save SEVEN BILLION a year in costs due to equipment duplication and such. That is amazing.

Boundzy · Feb 19, 2007, 10:19 PM

The Feds may view this merger similar to the DirecTV-Dish Network merger back in 2001 - i.e., negatively. I think the Feds will view the competition between Sirius and XM as healthy for the consumer and will be loath to create a satellite radio monopoly.

Feb 19, 2007, 05:11 PM	#1
Iria DriverHeaven Extreme Member Join Date: Apr 2004 Posts: 7,275 Rep Power: 89	XM and Sirius to disclose merger today: paper Source: Reuters ___________ NEW YORK (Reuters) - The two main satellite radio providers, XM Satellite Radio Holdings Inc. and Sirius are expected to announce a long-awaited merger on Monday, according to the New York Post. The newspaper said the two companies were negotiating over the weekend to merge the companies, a deal that is expected to be structured as a "merger of equals."

Feb 19, 2007, 07:06 PM	#2
~~DudeBoyz~~ banned Join Date: Jan 2007 Location: USA Posts: 1,677 Rep Power: 0	In a fledgling field like this where startup costs are so incredibly high because of the need to build an infrastructure out of nothing, I think this may well end up being a very good thing for that industry. I still prefer free over-the-air radio, but can appreciate that people want an alternative. They can save SEVEN BILLION a year in costs due to equipment duplication and such. That is amazing.

Feb 19, 2007, 10:19 PM	#3
Boundzy DriverHeaven Junior Member Join Date: Oct 2002 Location: Shreveport, LA Posts: 31 Rep Power: 0	The Feds may view this merger similar to the DirecTV-Dish Network merger back in 2001 - i.e., negatively. I think the Feds will view the competition between Sirius and XM as healthy for the consumer and will be loath to create a satellite radio monopoly.