Sirius and XM to Merge | Satellite Radio Consolidates

There was some interesting headlines yesterday regarding the potential merger between Sirius Satellite Radio and XM Satellite Radio, two companies that have been competing fiercely for the past couple years in an effort to race to beat each other’s relative subscriber base. Now they’re just combining the two companies…

Sirius Satellite Radio agreed to buy larger U.S. rival XM Satellite Radio for $4.6 billion in stock on Monday in a deal that gives all subscribers access to entertainers such as Oprah Winfrey and shock-jock Howard Stern.

It’ll be interesting to see if the deal gets approved. “The deal will face tough regulatory scrutiny. The satellite radio licenses prevent one entity from owning them, however
Federal Communications Commission Chairman Kevin Martin said last month that its rules are open to change.” Interesting, as they’ll technically need to change the rules to allow this to occur.

Sirius to buy XM in $4.6 billion stock deal [Yahoo]