Sirius and XM in merger talks

[bran987]

http://story.news.yahoo.com/news?tm...=568&e=5&u=/nm/20050126/bs_nm/media_sirius_dc



Is a Sirius, XM Merger in the Works?

2 hours, 36 minutes ago


NEW YORK (Reuters) - Executives of satellite radio rivals Sirius Satellite Radio Inc. (Nasdaq:SIRI - news) and XM Satellite Radio Holdings Inc. (Nasdaq:XMSR - news) have been meeting lately to discuss the possibility of a merger, the New York Post reported on Wednesday, citing several sources close to the matter.

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The newspaper said the talks have not advanced far and executives have not yet discussed price, but have been weighing any potential antitrust concerns that would arise from a deal.


The two companies have talked in the past about merging, according to the article, but the discussions never got to an advanced stage.


The newspaper said a deal could be at least a year away.


Sirius spokesman Jim Collins said the company does not comment on rumors. Officials at XM Satellite were not immediately available to comment.


Sirius executives have in the past said that they believe the Federal Communications Commission (news - web sites) would take issue with such a deal. The two companies now operate under separate FCC (news - web sites) licenses.

 

[wootoom]

holy shit. i might have to buy some stock in XM. but its so friggin high right now

 

[BrandonXJ]

ARE YOU SIRIUS?!

hahaha.. i crack me up.

 

[patsfan1379]

hmnnn... that would be good... weird though.. almost like buying stock in "TV".. new type of media etc...

 

[SoreArms]

that would rock! I want Sirius, but XM carries MLB

 

[patsfan1379]

Sirius is Stern.. which one carries NFL?

 

[bran987]

Sirius is Stern.. which one carries NFL?

Sirius

 

[MattTheSkywalker]

ANother story has it denied, which means it is probably true.

I think both companies, esp Sirius, have more debt than they can service....

 

[Forge]

ANother story has it denied, which means it is probably true.

I think both companies, esp Sirius, have more debt than they can service....

They do for now, but they are relatively young companies too. Alot of trucking companies are putting satellite radios into their rigs, sports fans are already seeing the benefits, and Stern will definately expand the userbase. With free radio being regulated the way it is by the government, I feel that satellite radio has a very bright future.

Of course, as with any investment worth making, their is a good deal of risk.

 

[Lestat]

ive got some SIRI stock