XM and Sirius to disclose merger today
The New York Post is reporting that satellite radio competitors XM and Sirius are going to disclose their intent to merge.
Satellite radio operators Sirius and XM are expected to announce their long-awaited merger today, according to a source familiar with the deal.
I expect that this will be a very difficult merger with lots of anti-trust problems, but given the economics of the business it probably doesn’t work with two players battling it out. They should be able to cut lots of costs and maybe get the combined company to profitability.
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