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

Sponsor

Recent Reviews

Adesso Compagno X Bluetooth keyboard

The shift from typing on physical keyboards to digital versions on smartphones and tablets hasn't been an easy for many consumers. Fro ...

Polk Audio 4 Shot headset

Sound quality and design are two of the biggest areas of focus for manufacturers when coming up with a new gaming headset. Depending o ...

Patriot Supersonic Phoenix USB 3.0 drive

USB thumb drives aren't the end all solutions for data transfer and traveling needs. Sometimes people want something with a little mor ...

Sponsor

toggle

Most Commented

 
toggle

Popular News