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Monday, February 19, 2007

Sirius & XM, Together?!

Whoa, I just heard about this on NPR today and I found this article on Forbes.com:

"Over a year after talk of a Sirius and XM merger first surfaced, the companies made it official on Monday.

The two U.S. satellite radio providers announced a merger of equals on President's Day. Under the terms of the agreement, XM shareholders will receive 4.6 shares of Sirius stock for each share of XM they own. XM and SIRIUS shareholders will each own approximately 50% of the combined company.

...


According to the statement, users will be able to pick their services on a "more a la carte basis" than currently available. Some of the programming will be commercial free; currently all Sirius stations and some of XM's offerings do not carry advertising."

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