What will they call it?lX-Sirus Satellite Radio or Sirius-X Satellite Radio?
From fierce competitors to partners in the sky...XM and Sirius Satellite Radio announced a merger.
"We believe this is the next logical step in the evolution of satellite radio," Sirius chief executive officer Mel Karmazin said. "With our enhanced programming lineup, we expect to offer the best content from both companies."
The $13 billion deal would be an all-stock merger of equals, with current XM and Sirius shareholders each owning 50 percent of the new combined company. XM chairman Gary Parsons would be chairman of the new company and Karmazin would be CEO. If it is approved, the merger could take effect by the end of the year.
Next step...figuring out how to make those satellite radio receivers compatible. Also look for cutbacks. While satellite radio is already heavily automated, why bother with mutliple 80s channels, etc.
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