Satellite Merging – XM and Sirius looking at Merging

Satellite Merging, that is Satellite Radio stations. Sirius Satellite Radio and XM Satellite Radio said Monday that they would merge to create a $13 billion entity, a scenario that would end an expensive bidding war for talent that the two have been waging but also would invite extensive scrutiny from lawmakers and terrestrial radio broadcasters.

Laws prohibiting the two to combine have been in place since each were granted licenses about a decade ago, in effect creating a mandated duopoly because regulators had no intention of allowing other satellite radio operators to spring up in the U.S. Nevertheless, laws can be tweaked to grant permission for the two money-losing companies to merge, and that has competitors nervous.

(Source: CNN)


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