Printed from http://www.electronista.com

XM and Sirius to announce merger today?

updated 01:15 pm EST, Mon February 19, 2007

XM, Sirius merger today?

Rumored for months, the New York Post is claiming that XM and Sirius may announce a merger later today, following a weekend of intense negotiations which could still collapse at any time. The primary issue is said to be anti-trust concerns, as a merger would create a monopoly over satellite radio in North America, possibly running afoul of US law despite weakened regulations. The financial incentives could be worth it for the companies, however; analysts predict savings of almost $7 billion per year, and the combined subscriber base would amount to over 12 million people. There would also be less hesistance with the public as a result of competing standards. If the deal is announced, it may takes as long as 15 months to be approved by the US government.



By Electronista Staff
Post tools:

TAGS :

toggle

Comments

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

toggle

Most Popular

Advertisement

Recent Reviews

Seagate Wireless

It seems like no matter how much internal storage is included today's mobile devices, we, as users, will always find a way to fill the ...

Lenovo Yoga Tablet 2 (Android, 10.1-inch)

Lenovo is building a bigger name for itself year after year, including its devices expanding beyond desktop computers. The company's l ...

Brother HL-L8250CDN Color Laser Printer

When it comes to selecting a printer, the process is not exactly something most people put a lot of thought into. Printers are often t ...

Advertisement

toggle

Most Commented

 
toggle

Popular News