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Breaking: XM and Sirius officially merge!

Sections: Audio, Business News, Satellite / HD Radio

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XM Sirius MergerEarlier today, there were rumors regarding a possible merger between satellite radio giants XM Radio and Sirius. Now, reports have come through that the merger is official – and an official press conference is scheduled for tomorrow.

Is this crazy news or what? Both XM and Sirius have spoken of a possible merger for what seems like years. Due to regulatory hurdles, the deal was never even attempted. Now, it looks like they may have found a loophole in the law, and they’re making the plunge. I personally think that the FCC will never let this happen. If so, this would indeed create a monopoly in the satellite radio industry.

Looks like we’ll have to wait until tomorrow to get the full scoop, so stay tuned.

Press Release [XM] Via [Gizmodo]

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2 Comments

  1. I'd be curious to see how the government responses to this. How this isn't an antitrust issue is beyond me.

    Jonathan
  2. <a href="http://www.thumbwarz.com&#34; rel="nofollow">big fan of the merger!

    even though XM was way better hehe

    jsutevan