Sirius Radio and XM agree to merge in $13 billion deal - Techwatch Support Forums: Digital & Satellite TV, FTA, Cable, Computers, Mobile Phones, Apple and General Tech Forums

Analoguesat · 19-02-07, 10:47 PM

The two main US satellite radio providers, Sirius Satellite Radio and XM Satellite Radio today said they would merge in a stock-for-stock deal, a move that has been long expected in the young industry. XM and Sirius said they would combine to create a company with an enterprise value of $13 billion, including $1.6 billion in net debt. Under the terms of the deal, XM stockholders will get 4.6 shares in Sirius.

Veteran media executive Mel Karmazin, currently Sirius CEO, will be CEO of the combined company, and Gary Parsons, now chairman of XM, will hold the same position in the new company. The deal will need regulatory approval.

(Source: Reuters via Media Network)

BGonaSTICK · 20-02-07, 12:45 AM

That's a huge unification deal, and may well have a knock-on effect on the European market (either directly, or in terms of technical standards).

My car radio came from the States with satellite compatability, so I have my fingers crossed

19-02-07, 10:47 PM	#1 (permalink)
Analoguesat manic midlander retired mod Join Date: Jan 2006 Location: Scottish Borders Posts: 11,668 Thanks: 21 Thanked 1,334 Times in 985 Posts	Sirius Radio and XM agree to merge in $13 billion deal The two main US satellite radio providers, Sirius Satellite Radio and XM Satellite Radio today said they would merge in a stock-for-stock deal, a move that has been long expected in the young industry. XM and Sirius said they would combine to create a company with an enterprise value of $13 billion, including $1.6 billion in net debt. Under the terms of the deal, XM stockholders will get 4.6 shares in Sirius. Veteran media executive Mel Karmazin, currently Sirius CEO, will be CEO of the combined company, and Gary Parsons, now chairman of XM, will hold the same position in the new company. The deal will need regulatory approval. (Source: Reuters via Media Network) __________________ Basic forum rules for both satellite & cable: no keys no patches no offering or asking for card shares Anyone pm'ing me for details of card sharing or anything to do with hacking cable will be banned immediately Analogue forever!!

20-02-07, 12:45 AM	#2 (permalink)
BGonaSTICK Dodgy Geezer Join Date: Nov 2005 Location: Brighton Posts: 9,718 Thanks: 3 Thanked 163 Times in 57 Posts	Re: Sirius Radio and XM agree to merge in $13 billion deal That's a huge unification deal, and may well have a knock-on effect on the European market (either directly, or in terms of technical standards). My car radio came from the States with satellite compatability, so I have my fingers crossed __________________ Dreambox 7000, Skystar2 PCI, Skystar USB, Fibo 90cm on Moteck SG2100, Triax TD110 multi-LNB. Sky + ART cards. 45.0°E - 58.0°W