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

Asus Chromebook C300

When Chromebooks hit the market back in 2011, consumers didn't know what to do with them. The low-cost laptops, powered by Google's Ch ...

Plantronics BackBeat Pro Bluetooth headphones

Looking for a pair of headphones that can do everything a user requires is a task that can take some study. Trying to decide on in-ear ...

Lemur BlueDriver

"Oh no, the check engine light is on…again! What one of the hundreds of reasons could it be this time? Probably going to cost a fort ...

Sponsor

toggle

Most Commented

 
toggle

Popular News